Coleford

Area Guide For Coleford

Coleford is a village and civil parish in Somerset, England, situated on the Mells River in the Mendip Hills five miles west of Frome. The village has a population of 2,350. Coleford was listed in the Domesday Book of 1086 as Colford, meaning the hill ford, possibly from the Old French col and ford, or alternatively the coal ford, a ford over which charcoal was carried. There are visible remains of a famous unfinished engineering project, the Dorset and Somerset Canal aqueduct, known locally as the 'Huckyduck', which was abandoned in 1803. The village once had several coal mines as part of the now closed Somerset coalfield. Just north of Coleford there were the collieries of Newbury and Mackintosh. Mackintosh opened in 1867 but closed in 1919, due to flooding. The Natural Stone Products factory is built on the site of Newbury Colliery. This pit started around the beginning of the 19th century and closed in 1927. The Coal Barton mine was the scene of a firedamp explosion which killed nine miners in 1869. The parish council has responsibility for local issues, including setting an annual precept (local rate) to cover the councils operating costs and producing annual accounts for

 
 

Coleford Map

Estimated Price: £209,406
Average Asking Price: £234,401
Price change in last one year: £14,206
Average Price Paid: £172,916
Average Rent Rates: £528

 
 

Property Prices Breakdown in Coleford

Average Price for property in Coleford is around £209,406 which varies based on type of property you are interested in and ranges from £276,868 for detached house to around £169,037 for semi-detached. Similarly terraced house is around £142,368 and a flat is worth £93,371. Values have been changing and have risen £16 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,615 in last 6 months, £14,206 in last 1 year, £29,039 in last 2 years, £24,062 in last 3 years, £19,592 in last 4 years and £25,805 in last 5 years.

Currently average asking price of a property in Coleford is around £234,401 based on approximately 181 properties for sale. Same is the case with rental options based on 19 properties up for rent, average asking rent is around £528 per month.

Estimated property value in Coleford is £209,406. Average asking price is £234,401 while average price paid is £176,369 which is up by £14,206 and Avg. asking rent £528.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 Coleford area. In last 1 year alone average price buyer paid is around £176,369 based on approximately 181 sales in Coleford area alone. If you compare it to last 3 years sales of 564 properties where buyers paid around £168,129. 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 £172,916 for 833 and average amount paid for purchase of approx. 1,068 properties sold in last 7 years comes to about £174,038 per sale.

 
 

Properties For Sale in Coleford

 
 

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 £109,778, £147,144 for a 2 bedroom house, £217,237 for a 3 bedroom house, £288,163 for a 4 bedroom house and £443,000 for a 5 bedroom house. For a flat similarly the prices varies from £74,687 for a single bedroom to £102,761 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £109,950. To sum up the asking prices for properties in Coleford it comes to around average £88,183 for 1 bedroom property, £137,854 for 2 bedroom, £215,726 for 3 bedroom, £288,163 for 4 bedroom and £443,000 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 can vary from £494 for 1 bedroom to £532 for 2 bedroom, £668 for 3 bedroom and £750 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £381. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £464. You should be generally be expecting around average £419 rent per month for single bedroom property, £509 for 2 bedroom, £668 for 3 bedroom and approximately £750 for 4 bedroom property in Coleford area.

Popular Houses in Coleford

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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