South Petherton

Area Guide For South Petherton

South Petherton is a small country town and civil parish on the River Parrett in the South Somerset district of Somerset, England. It is 5 miles (8 km) east of Ilminster and 5 miles (8 km) north west of Crewkerne. It had a population of approximately 3,200 in 2002. The parish includes the hamlets of Yeabridge, Compton-Durvill, South Harp, and Over Stratton, and is approximately 2 miles (3 km) from East Lambrook, Martock and Lopen. It is distinctive for the traditional hamstone construction of many of its buildings. In 2005 South Petherton was awarded Somerset Village of the Year in a national competition. The town's name may come from the Old English word Pared meaning boundary and the Saxon word ton meaning settlement, forming Paredton. A site on Lightgate Road, north of the present town, has produced Iron Age occupation material, though archaeological evidence of any structures have not yet been discovered. Roman material, mostly consisting of coins, has also been discovered locally and, as it is only 2 miles (3 km) from the Fosse Way, roman occupation is likely, although it may have been abandoned between the 4th and 8th centuries. The Saxon Chronicle of 680 refers to a

 
 

South Petherton Map

Estimated Price: £309,761
Average Asking Price: £387,852
Price change in last one year: £23,002
Average Price Paid: £272,419
Average Rent Rates: £654

 
 

Property Prices Breakdown in South Petherton

Average Price for property in South Petherton is around £309,761 which varies based on type of property you are interested in and ranges from £416,713 for detached house to around £242,660 for semi-detached. Similarly terraced house is around £190,494 and a flat is worth £214,191. Values have been changing and have risen £1,350 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,039 in last 6 months, £23,002 in last 1 year, £26,419 in last 2 years, £31,447 in last 3 years, £33,061 in last 4 years and £33,069 in last 5 years.

Currently average asking price of a property in South Petherton is around £387,852 based on approximately 80 properties for sale. Same is the case with rental options based on 5 properties up for rent, average asking rent is around £654 per month.

Estimated property value in South Petherton is £309,761. Average asking price is £387,852 while average price paid is £287,203 which is up by £23,002 and Avg. asking rent £654.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 South Petherton area. In last 1 year alone average price buyer paid is around £287,203 based on approximately 80 sales in South Petherton area alone. If you compare it to last 3 years sales of 224 properties where buyers paid around £275,716. 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 £272,419 for 332 and average amount paid for purchase of approx. 456 properties sold in last 7 years comes to about £267,757 per sale.

 
 

Properties For Sale in South Petherton

 
 

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 2 bedroom is around £182,634, £274,444 for a 3 bedroom house, £396,200 for a 4 bedroom house and £772,500 for a 5 bedroom house. For a flat similarly the prices varies from £100,000 for a single bedroom to £186,000 for a 2 bedroom Flat. To sum up the asking prices for properties in South Petherton it comes to around average £100,000 for 1 bedroom property, £183,307 for 2 bedroom, £274,444 for 3 bedroom, £396,200 for 4 bedroom and £772,500 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 £573 for 2 bedroom to £1,001 for 4 bedroom. But if you are interested in renting a 2 bedroom flat then rent per month can be around £550. You should be generally be expecting around average £568 rent per month for 2 bedroom property and approximately £1,001 for 4 bedroom property in South Petherton area.

Popular Houses in South Petherton

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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