Tag: Overleigh

Where is Mendip’s millionaire row?

A article recently published on the BBC website (article here) reported that householders are increasingly likely to live on millionaire row as sales of £1m-plus homes rose to a new high in England and Wales in 2017.

A total of 16,119 property sales for £1m or more were completed last year, up 5.4% from the previous high in 2016.

Over the past decade, most were sold in London, but sales have doubled in the East of England – the biggest increase of any region in England and Wales.

University cities such as Cambridge and Bristol have seen £1m-plus sales surge.
Rising house prices and demand prompted by investment in these areas has pushed many properties’ sale prices above the £1m threshold.

Mendip’s millionaire row

Looking at the picture locally shows that over the last 10 years there were 68 transactions for 62 properties for £1m or more with the most expensive being Marston House in Marston Bigot which sold for £4.9m.

The closest Mendip has to a millionaire row is Vicarage Lane in Norton St Philip where 3 properties have exchanged hands for over £1m. 7 of the transactions were in the Norton St Philip area. The 68 transactions over £1m are dominated by properties in the Frome area with Rode home to 4 of the £1m plus transactions.

In the Glastonbury and surrounding area 5 transactions exceeded £1m:

  • Parbrook Lodge – Parbrook – £1.61m
  • Whitegates – West Pennard – £1.35m
  • Whitelawn – Butleigh – £1.16m
  • Holmans Place – Butleigh – £1,134,825
  • Old Bakehouse – Parbrook – £1.06m

Only 3 properties in central Wells reached £1m in the last 10 years.

Street had just 2 transactions over £1m, Overleigh Court and 55 Overleigh at £1m and £1.45m respectively. Overleigh recently featured as the 7th most expensive street in our top 20 most expensive streets in Street and Glastonbury (article here)

About Tom Morgan

Founder of Jungle Property the multi award-winning letting agent based in Glastonbury, Somerset. I am passionate about property and Glastonbury and about providing the very best advice to anyone who wants the best return on a buy-to-let property investment. For an open and brutally honest opinion on anything in the Glastonbury property market please contact me via tom.morgan@jungleproperty.co.uk

Top 20 most expensive streets in Street and Glastonbury – Part 3 (12-7)

The countdown of the top 20 most expensive streets in Street in Glastonbury continues with 12 to 7.

12 – The Roman Way (Glastonbury)

Average price paid £290,450 – The Roman Way probably did have connections to the Romans with evidence of a settlement once found at number 86. Properties in The Roman Way benefit from spectacular views across the Brue and the area to the South that was once vineyards. There are 68 dwellings in The Roman Way and the most expensive house purchase in The Roman Way to date is Wearyall Hill House, 78, which sold for £890,000 on 03/03/2017.

11 – Wraxhill Road (Street)

Average price paid £297,650 – Wraxhill Road has 19 dwellings of which 3 are flats. The most expensive transaction that has been recorded in Wraxhill Road is Koberlea, 5 which sold for £485,000 on 20/04/2010.

10 – Bove Town (Glastonbury)

Average price paid £300,471 – Bove Town comprises 39 dwellings with the most expensive to date being Cordis Mundi which sold for £775,000 on 09/03/2017. There are 16 listed buildings in Bove Town highlighting its importance on the old route to Wells. The most well-known listed building is Jacoby Cottage the medieval pilgrimage chapel of St James and sole survivor of Glastonbury’s 3 ‘slipper chapels’.

9 – Glastonbury Road (West Pennard)

Average price paid £313,420 – Glastonbury Road consists of just 17 dwellings. Glastonbury Road is also home to The Red Lion pub which was originally known as The Lion and first opened in 1861. The highest price paid to date was £475,000 for Fallowfield on 02/02/2016.

8 – Butleigh Road (Glastonbury)

Average price paid £325,022 – Running from Fishers Hill to Cow Bridge the most expensive transaction that has been recorded in Butleigh Road is Beretun Orchard which sold for £480,000 on 24/05/2016.

7 – Overleigh (Street)

Average price paid £349,342 – Overleigh has an interesting history. The old Higher Leigh farmhouse was rebuilt in 1829 by members of the Clark family to create Overleigh House which was sold on 11/08/2014 for £1,450,000 and remains the most expensive transaction in Overleigh to date. Today there are 38 dwellings in Overleigh.

The countdown will continue with number 6 in the next article.

About Tom Morgan

Founder of Jungle Property the multi award-winning letting agent based in Glastonbury, Somerset. I am passionate about property and Glastonbury and about providing the very best advice to anyone who wants the best return on a buy-to-let property investment. For an open and brutally honest opinion on anything in the Glastonbury property market please contact me via tom.morgan@jungleproperty.co.uk

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