Glastonbury

Area Guide For Glastonbury

Glastonbury is a small town in Somerset, England, situated at a dry point on the low lying Somerset Levels, 23 miles (37 km) south of Bristol. The town, which is in the Mendip district, had a population of 8,784 in the 2001 census. Glastonbury is less than 1 mile (2 km) across the River Brue from Street, which is now larger than Glastonbury. Evidence from timber trackways such as the Sweet Track show that the town has been inhabited since Neolithic times. Glastonbury Lake Village was an Iron Age village, close to the old course of the River Brue and Sharpham Park approximately 2 miles (3.2 km) west of Glastonbury, that dates back to the Bronze Age. Centwine was the first Saxon patron of Glastonbury Abbey, which dominated the town for the next 700 years. One of the most important abbeys in England, it was the site of Edmund Ironside's coronation as King of England in 1016. Many of the oldest surviving buildings in the town, including the Tribunal, George Hotel and Pilgrims' Inn and the Somerset Rural Life Museum, which is based in an old tithe barn, are associated with the abbey. The Church of St John the Baptist dates from the 15th century. The town became a centre for commerce,

 
 

Glastonbury Map

Estimated Price: £260,561
Average Asking Price: £319,309
Price change in last one year: £22,362
Average Price Paid: £215,768
Average Rent Rates: £1,174

 
 

Property Prices Breakdown in Glastonbury

Average Price for property in Glastonbury is around £260,561 which varies based on type of property you are interested in and ranges from £367,669 for detached house to around £220,655 for semi-detached. Similarly terraced house is around £186,809 and a flat is worth £127,531. Values have been changing and have risen £3,519 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £11,169 in last 6 months, £22,362 in last 1 year, £20,831 in last 2 years, £42,157 in last 3 years, £23,972 in last 4 years and £13,211 in last 5 years.

Currently average asking price of a property in Glastonbury is around £319,309 based on approximately 238 properties for sale. Same is the case with rental options based on 12 properties up for rent, average asking rent is around £1,174 per month.

Estimated property value in Glastonbury is £260,561. Average asking price is £319,309 while average price paid is £220,945 which is up by £22,362 and Avg. asking rent £1,174.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 Glastonbury area. In last 1 year alone average price buyer paid is around £220,945 based on approximately 238 sales in Glastonbury area alone. If you compare it to last 3 years sales of 672 properties where buyers paid around £215,140. 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 £215,768 for 1,076 and average amount paid for purchase of approx. 1,399 properties sold in last 7 years comes to about £214,472 per sale.

 
 

Properties For Sale in Glastonbury

 
 

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 £147,467, £162,772 for a 2 bedroom house, £239,527 for a 3 bedroom house, £370,778 for a 4 bedroom house and £547,714 for a 5 bedroom house. For a flat the prices of 2 bedroom is £135,000. To sum up the asking prices for properties in Glastonbury it comes to around average £147,467 for 1 bedroom property, £159,505 for 2 bedroom, £239,527 for 3 bedroom, £370,778 for 4 bedroom and £547,714 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 £605 for 2 bedroom to £875 for 3 bedroom, £949 for 4 bedroom and £2,167 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £477. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £550. You should be generally be expecting around average £477 rent per month for single bedroom property, £592 for 2 bedroom, £875 for 3 bedroom, £949 for 4 bedroom and approximately £2,167 for a 5 bedroom property in Glastonbury area.

Popular Houses in Glastonbury

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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