The Redlands estate, otherwise known as the Actis estate, started life in 1970 on farm land belonging to the Abbey Farm (now the Rural Life Museum) and comprises 319 properties spread across 19 streets.
The most expensive house purchase on the Redlands estate is 28 Bilbury Lane, which sold on 09/02/2007 for £337,500. The least expensive recorded transaction on the Redlands estate is 18 Dunkerton Close, which sold on 06/12/1996 for £37,500. The most recent transaction to have been recorded in on the Redlands estate was 1 Mapstone Close. It sold on 11/07/2014 for £248,000.
The average value of properties on the Redlands estate is £218,338, which makes it similar in price to many of the other places to live in Glastonbury, where the average house price is £208,473.
Capital Growth
Over the last 10 years, property prices on the Redlands estate have risen by 17.4% compared to an average rise of 24.7% for Glastonbury as a whole.
Rental Yield
The average rent on the Redlands estate is £727 PCM (Range £595 – £875) and with an average current value of £218,338 this gives an average yield of 4%.
Not a lot of people know that…
The southern distributor (Bretenoux Road) was constructed as a “planning gain” by the developers of the Redlands estate. The plan was for it to emerge at Edgarley by the school entrance. Mendip Council, however would not sanction more houses on the lower slopes of the Tor. The county would not fund the completion of the road, so the whole concept failed.
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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