Ilminster

Area Guide For Ilminster

Ilminster is a country town and civil parish in the countryside of south west Somerset, England, with a population of 4,781. Bypassed a few years ago, the town now lies just east of the junction of the A303 (London to Exeter) and the A358 (Taunton to Chard and Axminster). The parish includes the village of Peasmarsh and the hamlet of Sea. Ilminster is mentioned in documents dating from 725 and in a Charter granted to the Abbey of Muchelney (10 miles to the north) by King Ethelred in 995. Ilminster is also mentioned in the Domesday Book (1086) as Ileminstre meaning 'The church on the River Isle' from the Old English ysle and mynster. By this period Ilminster was a flourishing community and was granted the right to hold a weekly market, which it still does. Ilminster was part of the hundred of Abdick and Bulstone. In 1645 during the English Civil War Ilminster was the scene of a skirmish between parliamentary troops under Edward Massie and Royalist forces under Lord Goring who fought for control of the bridges prior to the Battle of Langport. The town contains the buildings of a sixteenth-century grammar school, the Ilminster Meeting House, which acts as the town's art gallery and

 
 

Ilminster Map

Estimated Price: £268,660
Average Asking Price: £291,859
Price change in last one year: £22,048
Average Price Paid: £232,586
Average Rent Rates: £908

 
 

Property Prices Breakdown in Ilminster

Average Price for property in Ilminster is around £268,660 which varies based on type of property you are interested in and ranges from £368,418 for detached house to around £215,917 for semi-detached. Similarly terraced house is around £178,657 and a flat is worth £150,959. Values have been changing and have risen £1,737 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,178 in last 6 months, £22,048 in last 1 year, £20,314 in last 2 years, £30,761 in last 3 years, £33,800 in last 4 years and £35,695 in last 5 years.

Currently average asking price of a property in Ilminster is around £291,859 based on approximately 199 properties for sale. Same is the case with rental options based on 21 properties up for rent, average asking rent is around £908 per month.

Estimated property value in Ilminster is £268,660. Average asking price is £291,859 while average price paid is £247,145 which is up by £22,048 and Avg. asking rent £908.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 Ilminster area. In last 1 year alone average price buyer paid is around £247,145 based on approximately 199 sales in Ilminster area alone. If you compare it to last 3 years sales of 519 properties where buyers paid around £234,531. 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 £232,586 for 815 and average amount paid for purchase of approx. 1,139 properties sold in last 7 years comes to about £228,314 per sale.

 
 

Properties For Sale in Ilminster

 
 

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 £142,633, £183,101 for a 2 bedroom house, £243,004 for a 3 bedroom house, £368,810 for a 4 bedroom house and £512,045 for a 5 bedroom house. For a flat the prices of 2 bedroom is £187,500. To sum up the asking prices for properties in Ilminster it comes to around average £142,633 for 1 bedroom property, £183,385 for 2 bedroom, £243,004 for 3 bedroom, £368,810 for 4 bedroom and £512,045 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 £459 for 1 bedroom to £813 for 3 bedroom, £1,286 for 4 bedroom and £899 for 5 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 £567. You should be generally be expecting around average £457 rent per month for single bedroom property, £566 for 2 bedroom, £812 for 3 bedroom, £1,286 for 4 bedroom and approximately £899 for a 5 bedroom property in Ilminster area.

Popular Houses in Ilminster

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.

Sold Properties in Ilminster

Browse by Streets in Ilminster

Browse by Outcodes in Ilminster