Great Yarmouth Property Market Overview
Coastal town with offshore energy employment, Town Deal regeneration, and affordable values
The Great Yarmouth property market recorded 1,139 residential sales over the past 12 months, with a median sale price of £202,000. This places Great Yarmouth £60k below the Norfolk county median of £262,000, and £83k below the UK national median of £285,000.
Prices in Great Yarmouth have shown a moderate decline, with a year-on-year change of -3.8%. Within Norfolk, Great Yarmouth ranks 8th by price out of 8 principal towns, and 5th by transaction volume.
Great Yarmouth House Prices by Property Type
Property prices in Great Yarmouth vary significantly by type. The table below compares Great Yarmouth prices with Norfolk county averages and UK national figures.
| Type | Great Yarmouth | Norfolk Avg | UK Avg |
|---|---|---|---|
| Detached | £332,500 | £343,500 | £420,000 |
| Semi-detached | £223,750 | £245,000 | £265,000 |
| Terraced | £155,000 | £197,250 | £230,000 |
| Flat | £100,000 | £121,000 | £225,000 |
Detached homes in Great Yarmouth command £332,500, while flat properties are most accessible at £100,000. The £233k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Great Yarmouth
Great Yarmouth recorded 24 new-build transactions in the past 12 months, representing 2.1% of total sales. This indicates meaningful developer activity and proven buyer demand for new homes in the area.
New-build properties in Great Yarmouth traded at a premium of 33.8% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Norfolk market, 168 new-build completions were recorded — see our Norfolk property market report for the full county picture.
Recent Property Sales in Great Yarmouth
The following table shows the most recent property transactions recorded in Great Yarmouth, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £375,000 | Detached | NR31 9LP | 2026-02-20 | Existing |
| £126,000 | Terraced | NR31 0BT | 2026-02-20 | Existing |
| £167,000 | Semi-detached | NR31 7EY | 2026-02-20 | Existing |
| £185,000 | Terraced | NR31 9QY | 2026-02-20 | Existing |
| £120,000 | Terraced | NR31 0BL | 2026-02-17 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £120,000 to £375,000 illustrates the breadth of the Great Yarmouth market.
Development Finance in Great Yarmouth
For developers considering Great Yarmouth, the local market data translates directly into finance structuring. With a median value of £202,000 and detached homes at £332,500, lenders can assess scheme viability with confidence.
A typical development finance facility for a Great Yarmouth scheme with a GDV of £332,500 would attract senior debt of approximately £216,125 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 3.8% year-on-year, experienced developers can still generate strong returns in Great Yarmouth by targeting well-located sites with clear demand drivers.
Ready to develop in Great Yarmouth? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Great Yarmouth Compared to Nearby Norfolk Towns
To put Great Yarmouth's market in context, the table below compares it with similarly-priced towns across Norfolk:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Great Yarmouth | £202,000 | 1,139 | -3.8% |
| Norwich | £230,000 | 1,485 | -0.9% |
| Thetford | £235,000 | 522 | -4.1% |
| King's Lynn | £260,000 | 1,674 | -1.9% |
| Attleborough | £264,000 | 228 | -12% |
| Dereham | £265,000 | 430 | -0.9% |
For the full Norfolk town-by-town breakdown, see our comprehensive Norfolk property market report.
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5 min readFrequently Asked Questions
What is the average house price in Great Yarmouth?
The median house price in Great Yarmouth is £202,000, based on 1,139 transactions over the past 12 months. Detached homes average £332,500 while flat properties average £100,000.
Are house prices rising or falling in Great Yarmouth?
House prices in Great Yarmouth are falling at -3.8% year-on-year. This decline may present buying opportunities for investors and developers. The wider Norfolk market is falling at -3.7%.
How many properties sold in Great Yarmouth recently?
Great Yarmouth recorded 1,139 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Great Yarmouth?
Developers in Great Yarmouth can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.