Settle

Area Guide For Settle

Settle Hydro is a micro hydroelectric scheme, owned by the community, in Settle, North Yorkshire. It is located on the River Ribble, at Settle Wier near Bridge End Mill. It uses part of the former mill race. A reverse Archimedean screw generates 50 kW of electricity. Settle weir was built across the Ribble, to provide a head for the Bridge End Mill which occupies the same site. Bridge End Mill was built to mill corn, but was converted to spin cotton. Later it was fitted out to become a woodworking shop providing furniture for the local chapels out of imported cedar. Though the wheel still turns, it is not connected to any shafts, and the mill building has been converted to housing. Planning Permission and the Abstraction Licence were granted in February 2009 and the share issue of September 2009 raised the necessary capital. The scheme is projected to cost £410,000. Lakeland Marine Construction began work on Monday 15 June. It completed in October and Settle Hydro Ltd were generating electricity by November 2009. Over the forty year lifetime of the scheme that generates 165,000 kWh per annum, it is envisaged that 3200 tonnes of carbon will be saved, although it is difficult to

 
 

Settle Map

Estimated Price: £249,199
Average Asking Price: £285,043
Price change in last one year: £12,348
Average Price Paid: £216,975
Average Rent Rates: £735

 
 

Property Prices Breakdown in Settle

Average Price for property in Settle is around £249,199 which varies based on type of property you are interested in and ranges from £363,730 for detached house to around £236,819 for semi-detached. Similarly terraced house is around £191,899 and a flat is worth £136,119. Values have been changing and have risen £938 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,425 in last 6 months, £12,348 in last 1 year, £24,978 in last 2 years, £22,702 in last 3 years, £19,869 in last 4 years and £18,253 in last 5 years.

Currently average asking price of a property in Settle is around £285,043 based on approximately 71 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £735 per month.

Estimated property value in Settle is £249,199. Average asking price is £285,043 while average price paid is £216,339 which is up by £12,348 and Avg. asking rent £735.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 Settle area. In last 1 year alone average price buyer paid is around £216,339 based on approximately 71 sales in Settle area alone. If you compare it to last 3 years sales of 227 properties where buyers paid around £208,935. 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 £216,975 for 365 and average amount paid for purchase of approx. 475 properties sold in last 7 years comes to about £219,513 per sale.

 
 

Properties For Sale in Settle

 
 

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 £172,500, £215,040 for a 2 bedroom house, £266,531 for a 3 bedroom house, £375,650 for a 4 bedroom house and £461,656 for a 5 bedroom house. For a flat similarly the prices varies from £125,000 for a single bedroom to £147,990 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £165,000. To sum up the asking prices for properties in Settle it comes to around average £153,500 for 1 bedroom property, £192,690 for 2 bedroom, £262,470 for 3 bedroom, £375,650 for 4 bedroom and £461,656 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 £988 for 3 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £451. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £451. You should be generally be expecting around average £451 rent per month for single bedroom property, £451 for 2 bedroom and approximately £988 for 3 bedroom property in Settle area.

Popular Houses in Settle

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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