Axbridge

Area Guide For Axbridge

Axbridge is a residential area in Somerset, England, arranged in the Sedgemoor locale on the River Ax, close to the southern edge of the Mendip Hills. The town populace as indicated by the 2011 evaluation was 2,057. Early occupants of the region in all likelihood incorporate the Romans (who are known to have mined lead on the highest point of the Mendips) prior still, ancient man, (who existed in the neighborhood surrenders) whose stone instruments have been found on the inclines of the nearby slopes. The historical backdrop of Axbridge can be followed back to the rule of King Alfred when it was a piece of the Saxons' protection framework for Wessex against the Vikings. In the Burghal Hidage, a rundown of burbs gathered in 910 it was recorded as Axanbrycg.

 
 

Axbridge Map

Estimated Price: £364,972
Average Asking Price: £460,539
Price change in last one year: £30,353
Average Price Paid: £292,911
Average Rent Rates: £555

 
 

Property Prices Breakdown in Axbridge

Average Price for property in Axbridge is around £364,972 which varies based on type of property you are interested in and ranges from £451,545 for detached house to around £280,290 for semi-detached. Similarly terraced house is around £287,951 and a flat is worth £150,921. Values have been changing and have risen £2,424 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,075 in last 6 months, £30,353 in last 1 year, £46,814 in last 2 years, £49,846 in last 3 years, £47,933 in last 4 years and £51,037 in last 5 years.

Currently average asking price of a property in Axbridge is around £460,539 based on approximately 64 properties for sale. Same is the case with rental options based on 11 properties up for rent, average asking rent is around £555 per month.

Estimated property value in Axbridge is £364,972. Average asking price is £460,539 while average price paid is £300,129 which is up by £30,353 and Avg. asking rent £555.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Axbridge area. In last 1 year alone average price buyer paid is around £300,129 based on approximately 64 sales in Axbridge area alone. If you compare it to last 3 years sales of 181 properties where buyers paid around £301,067. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £292,911 for 279 and average amount paid for purchase of approx. 349 properties sold in last 7 years comes to about £286,236 per sale.

 
 

Properties For Sale in Axbridge

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £99,995, £226,967 for a 2 bedroom house, £399,883 for a 3 bedroom house, £417,876 for a 4 bedroom house and £569,532 for a 5 bedroom house. For a flat similarly the prices varies from £78,950 for a single bedroom to £142,472 for a 2 bedroom Flat. To sum up the asking prices for properties in Axbridge it comes to around average £85,965 for 1 bedroom property, £193,169 for 2 bedroom, £399,883 for 3 bedroom, £417,876 for 4 bedroom and £569,532 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £672 for 3 bedroom to £949 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £573. You should be generally be expecting around average £573 rent per month for 2 bedroom property, £672 for 3 bedroom and approximately £949 for 4 bedroom property in Axbridge area.

Popular Houses in Axbridge

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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