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Sowerbys Prepare For Biggest Expansion Yet

Published: 13/08/2019

In our 25th year of business, Sowerbys are celebrating a record breaking year with the opening of a new office in the market town of Fakenham, and the expansion of the iconic Norwich office in the Old Bank of England building.

The property market in the last quarter of a century has had its highs and lows and seen many changes. But we, in the last two years especially, are defying trends and have made a huge investment in people, increased the use of the latest marketing technology and enjoyed a period of expansion.

Despite the challenges of the current market, we have been able to exercise good sales progression, communication and accurate valuations which means we are continuing to deviate from national trends. Indeed, in 2018 we registered 8% more applicants and arranged 8% more viewings than in 2017 which resulted in our best ever year for sales agreed and exchanges.

In January this year, we saw an 11% increase in valuations, 27% increase in viewings and 26% increase in agreed sales from the previous January.

Furthermore, in April this year, the figures from both sales and lettings made it the best sales month ever for us, which is made even more exciting by the fact the property market is in the midst of uncertainty.

As such, we will be expanding our presence by opening a new headquarters in Fakenham. This will be our ninth office and possibly the most exciting yet. It will house our leading-edge Land and New Homes team, the management team and a training centre, plus an experienced sales and lettings team which will cover Fakenham and the surrounding villages. It will be furnished in classic Sowerbys style but offer state of the art features.

We’re also extending the Norwich office from its current location in the historic Old Bank of England building into the property next door, giving far more frontage and easier access for the public. As a result of a growing market share, we need more space and facilities to ensure we continue to stay ahead of the curve.

Lloyd Sandy, Managing Director, says, “we are fortunate to have a strong market in Norfolk, which coupled with our unique approach to customer service and marketing, means we are going from strength to strength and defying wider trends, which speaks volumes in a very uncertain market. The local market is healthier than ever, and we are confident it will remain so. We’re excited by our statistics and our forthcoming expansion so we can cover more of the county which we are so passionate about.”