The Millstream estate consists of 180 properties and started life in early 1995 with the earliest recorded transaction on 14/02/1995 (5 Fawn Close). The estate was built by Bryant Homes on land once owned by John Snow & Co who were about to hand over the land to Tor Rugby Club for their new home when they went into receivership and after a legal battle Tor Rugby Club found a new home at Lowerside Lane where they still reside today.

The appeal of the Millstream estate is that they are all modern houses, all semi-detached or detached, with ample parking and easy access to the A39. Add to this the fact that the estate is adjacent to the Tor Leisure sports fields and just a short walk from the centre of Glastonbury makes Millstream a popular location.

The most expensive house purchase on the Millstream estate was 118 Boundary Way which sold on 26/02/2016 for £325,000. The least expensive recorded transactions on the Millstream estate were for 15 Boundary Way which sold on 15/02/1995 and 5 Fawn Close which sold on 14/02/1995 each for £43,950.

The most recent house purchase on the Millstream estate was for 110 Boundary Way which sold on 14/11/2016 for £305,000

Capital Growth

In the last 10 years the price paid for semi-detached properties on the Millstream estate has risen by 21.4% to an average price paid of £220,000 in the last 12 months. For the same period, the price paid for detached properties has risen by 18.1% to an average price paid of £283,690 in the last 12 months,

Rents

Looking at asking rents on the Millstream estate over the last 12 months:

2 Bedrooms ~ 3 properties have come to the rental market with a range of asking rents from £630 to £675 and an average of £660 per calendar month.

3 Bedrooms ~ 3 properties have come to the rental market with a range of asking rents from £850 to £900 and an average of £866 per calendar month.

4 Bedrooms ~ 1 property has come to the rental market at an asking rent of £950 per calendar month.

Not a lot of people know that…

The Millstream estate was named after the mill stream constructed circa 12th century by Glastonbury Abbey which is approximately 2.6 miles in length, starts at Clyse Hole or Prior’s Weir as it is known locally, and joins the Brue at Cold Harbour Bridge.

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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