When investing in property, the location is one of the most important aspects to consider. Some investors only want to buy in their local area but for people looking to make the most of their investment opportunity, reviewing different areas and finding a location that offers a strong return on the investment makes sense.

Glastonbury has a name and reputation that precedes it, and countless people descend on the area for spiritual enlightenment but the town and surrounding villages offer properties that provide tremendous value and a great quality of life.

The average property price for Glastonbury, as of September 2016, was listed as £233,885 while for the BA6 postcode area, the average property price was listed as £281,115. One of the key reasons that Glastonbury offers such tremendous value is found in price comparisons with comparable areas within a suitable distance.

Surrounding areas are more expensive than Glastonbury

As of September 2016, the average property price in Salisbury stood at £284,391; the average property price in Bristol was £300,478 and the average property price in Bath stood at £425,375. Glastonbury has been compared in a favourable manner to all of these areas but the difference in average property price, particularly with respect to Bristol and Bath shows why investing in Glastonbury and surrounding areas is a smart move.

While Glastonbury is not offering a like for like comparison with areas like Bristol or Bath, it is an area that is transforming. This is an area that is emerging into a metropolitan area and while Glastonbury will always retain its spiritual and traditional side, it is becoming more affluent. It’s unlikely that Glastonbury will ever lose its charm and suffer the plight of gentrification like many key areas of London or New York; it is becoming a town with more rounded options and opportunities for local residents.

There are good education options in and around Glastonbury

A very strong factor to consider in the property market is education and Glastonbury and Street offer well-regarded schools. There is also the Wells Cathedral School which is located less than a 10 minute drive from the heart of Glastonbury. There is also St Dunstans, a strongly recommended secondary school. Knowing that there are reliable and dependable education options in and around Glastonbury is positive for parents and families, and this translates into being good news for the market and investors.

One thing that Glastonbury has going in its favour is that it isn’t a commuter belt area for London. A lot of areas have benefitted from the need to find more affordable housing within easy reach of the capital but with a three hour drive or a two hour drive and train journey trip, London professionals are not setting up in Glastonbury while enduring the Monday to Friday slog in the country’s capital.

While the demand for commuter friendly property has positively impacted on the property market in many around the outskirts of London, the essence of these areas has also been impacted. While the evolution of Glastonbury offers more opportunities for people to enjoy local life, no one wants to see the area change too much or too quickly. The location of Glastonbury and its slow links to London will ensure that the area retains its identity and presence.

Another reason to consider the Glastonbury market for property investment comes with the fact that properties don’t sell too often, in relation to other areas. There is a high level of demand to live in and around Glastonbury but with a slower turnover of property, the returns on investment can be higher for this area than in other areas in the local region.

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