Malmesbury

Area Guide For Malmesbury

Malmesbury is a market town and civil parish located in the southern Cotswolds in the county of Wiltshire, England. Historically Malmesbury was a centre for learning focussed on and around Malmesbury Abbey, a sizeable part of which survives, unusually, following the dissolution of the monasteries. Once the site of an Iron Age fort, it is the oldest borough in England, created around 880 AD by charter from Alfred the Great. The hilltop contains several freshwater springs, which helped early settlements. Recent archaeological excavations have revealed stone town wall defences, which have shown history of a Neolithic fort and foundations of a wooden Iron Age fort between 800 and 500 BC, making Malmesbury arguably the oldest continually inhabited town in England. According to William of Malmesbury, writing in the 12th century, Malmesbury was a pre-Roman "ancient city of the Britons" known as Caer Bladon. Wrestled from control of the ancient Britons by the Saxons in around 600 AD, Malmesbury is recorded by Guinness World Records as the oldest borough in England, although Barnstaple has a counter claim both were given royal borough status by Alfred the

 
 

Malmesbury Map

Estimated Price: £370,445
Average Asking Price: £727,816
Price change in last one year: £30,786
Average Price Paid: £304,310
Average Rent Rates: £1,188

 
 

Property Prices Breakdown in Malmesbury

Average Price for property in Malmesbury is around £370,445 which varies based on type of property you are interested in and ranges from £492,586 for detached house to around £283,027 for semi-detached. Similarly terraced house is around £262,657 and a flat is worth £194,655. Values have been changing and have risen £2,077 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,229 in last 6 months, £30,786 in last 1 year, £37,064 in last 2 years, £32,483 in last 3 years, £26,294 in last 4 years and £36,470 in last 5 years.

Currently average asking price of a property in Malmesbury is around £727,816 based on approximately 198 properties for sale. Same is the case with rental options based on 18 properties up for rent, average asking rent is around £1,188 per month.

Estimated property value in Malmesbury is £370,445. Average asking price is £727,816 while average price paid is £335,629 which is up by £30,786 and Avg. asking rent £1,188.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 Malmesbury area. In last 1 year alone average price buyer paid is around £335,629 based on approximately 198 sales in Malmesbury area alone. If you compare it to last 3 years sales of 628 properties where buyers paid around £310,898. 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 £304,310 for 1,060 and average amount paid for purchase of approx. 1,436 properties sold in last 7 years comes to about £299,959 per sale.

 
 

Properties For Sale in Malmesbury

 
 

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 £125,000, £250,000 for a 2 bedroom house, £262,246 for a 3 bedroom house, £523,403 for a 4 bedroom house and £1,586,500 for a 5 bedroom house. To sum up the asking prices for properties in Malmesbury it comes to around average £125,000 for 1 bedroom property, £250,000 for 2 bedroom, £262,246 for 3 bedroom, £523,403 for 4 bedroom and £1,586,500 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 £273 for 1 bedroom to £776 for 2 bedrooms, £1,050 for 3 bedrooms, £1,725 for 4 bedrooms and £4,251 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £524. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £693. You should be generally be expecting around average £398 rent per month for single bedroom property, £734 for 2 bedroom, £1,050 for 3 bedroom, £1,724 for 4 bedroom and approximately £4,251 for a 5 bedroom property in Malmesbury area.

Popular Houses in Malmesbury

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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