Berkeley

Area Guide For Berkeley

Berkeley (Burklee to older locals) is a town and civil parish in Gloucestershire, England. It lies in the Vale of Berkeley between the east bank of the River Severn and the M5 motorway within the Stroud administrative district. The town is noted for Berkeley Castle where the imprisoned Edward II was murdered. Berkeley is located mid-way between Bristol and Gloucester. It is built on a small hill in the Vale of Berkeley. The town is on the Little Avon River, which flows into the Severn at Berkeley Pill. The Little Avon was tidal, and so navigable, for some distance inland (as far as Berkeley itself and the Sea Mills at Ham) until a 'tidal reservoir' was implemented at Berkeley Pill in the late 1960s. Berkeley was first recorded in 824 as Berclea, from the Old English for "birch-tree wood or clearing". Berkeley was a significant place in medieval times. It was a port and market-town, and the meeting place of the hundred of Berkeley. The parish of Berkeley was the largest in Gloucestershire. It is believed that the translator John Trevisa became vicar of Berkeley in 1374. The parish included the tithings of Alkington, Breadstone, Ham, Hamfellow and Hinton, and the

 
 

Berkeley Map

Estimated Price: £297,975
Average Asking Price: £323,410
Price change in last one year: £26,249
Average Price Paid: £223,800
Average Rent Rates: £1,296

 
 

Property Prices Breakdown in Berkeley

Average Price for property in Berkeley is around £297,975 which varies based on type of property you are interested in and ranges from £443,466 for detached house to around £244,993 for semi-detached. Similarly terraced house is around £194,638 and a flat is worth £108,929. Values have been changing and have risen £3,582 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £9,296 in last 6 months, £26,249 in last 1 year, £37,279 in last 2 years, £37,522 in last 3 years, £36,224 in last 4 years and £37,357 in last 5 years.

Currently average asking price of a property in Berkeley is around £323,410 based on approximately 66 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £1,296 per month.

Estimated property value in Berkeley is £297,975. Average asking price is £323,410 while average price paid is £197,603 which is up by £26,249 and Avg. asking rent £1,296.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 Berkeley area. In last 1 year alone average price buyer paid is around £197,603 based on approximately 66 sales in Berkeley area alone. If you compare it to last 3 years sales of 215 properties where buyers paid around £219,189. 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 £223,800 for 342 and average amount paid for purchase of approx. 448 properties sold in last 7 years comes to about £224,790 per sale.

 
 

Properties For Sale in Berkeley

 
 

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 2 bedroom is around £126,856, £230,817 for a 3 bedroom house, £457,177 for a 4 bedroom house and £525,000 for a 5 bedroom house. For a flat similarly the prices varies from £69,950 for a single bedroom to £98,989 for a 2 bedroom Flat. To sum up the asking prices for properties in Berkeley it comes to around average £69,950 for 1 bedroom property, £116,138 for 2 bedroom, £230,817 for 3 bedroom, £457,177 for 4 bedroom and £525,000 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 is £1,296 for 3 bedroom. You should be generally be expecting around average £1,296 rent per month for 3 bedroom property in Berkeley area.

Popular Houses in Berkeley

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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