Radstock

Area Guide For Radstock

Radstock is a town in Somerset, England, 9 miles (14 km) south west of Bath, and 8 miles (13 km) north west of Frome. It is within the unitary authority of Bath and North East Somerset and had a population of 5,275 according to the 2001 Census. Since 2011 Radstock has been a town council in its own right. Radstock has been settled since the Iron Age, and its importance grew after the construction of the Fosse Way, a Roman road. The growth of the town occurred after 1763, when coal was discovered in the area. Large numbers of mines opened during the 19th century including several owned by the Waldegrave family, who had been Lords of the Manor since the English Civil War. The spoil heap of Writhlington colliery is now the Writhlington Site of Special Scientific Interest, which includes 3,000 tons of Upper Carboniferous spoil from which more than 1,400 insect fossil specimens have been recovered. The complex geology and narrow seams made coal extraction difficult. Tonnage increased throughout the 19th century, reaching a peak around 1901, when there were 79 separate collieries and annual production was 1,250,000 tons per annum. However, due to local geological difficulties and

 
 

Radstock Map

Estimated Price: £254,871
Average Asking Price: £409,522
Price change in last one year: £21,036
Average Price Paid: £205,430
Average Rent Rates: £809

 
 

Property Prices Breakdown in Radstock

Average Price for property in Radstock is around £254,871 which varies based on type of property you are interested in and ranges from £372,811 for detached house to around £221,820 for semi-detached. Similarly terraced house is around £180,692 and a flat is worth £135,234. Values have been changing and have risen £2,239 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £8,449 in last 6 months, £21,036 in last 1 year, £36,113 in last 2 years, £33,885 in last 3 years, £31,356 in last 4 years and £23,599 in last 5 years.

Currently average asking price of a property in Radstock is around £409,522 based on approximately 541 properties for sale. Same is the case with rental options based on 17 properties up for rent, average asking rent is around £809 per month.

Estimated property value in Radstock is £254,871. Average asking price is £409,522 while average price paid is £215,232 which is up by £21,036 and Avg. asking rent £809.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 Radstock area. In last 1 year alone average price buyer paid is around £215,232 based on approximately 541 sales in Radstock area alone. If you compare it to last 3 years sales of 1,455 properties where buyers paid around £208,664. 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 £205,430 for 2,247 and average amount paid for purchase of approx. 2,958 properties sold in last 7 years comes to about £202,952 per sale.

 
 

Properties For Sale in Radstock

 
 

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 £150,000, £181,267 for a 2 bedroom house, £251,957 for a 3 bedroom house, £394,660 for a 4 bedroom house and £462,995 for a 5 bedroom house. For a flat similarly the prices varies from £139,000 for a single bedroom to £222,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Radstock it comes to around average £142,667 for 1 bedroom property, £188,673 for 2 bedroom, £251,957 for 3 bedroom, £394,660 for 4 bedroom and £462,995 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 £636 for 2 bedroom to £1,200 for 3 bedroom, £1,450 for 4 bedroom and £1,200 for 5 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £524. You should be generally be expecting around average £614 rent per month for 2 bedroom property, £1,200 for 3 bedroom, £1,450 for 4 bedroom and approximately £1,200 for 5 bedroom property in Radstock area.

Popular Houses in Radstock

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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