One of the oldest thoroughfares in Glastonbury, Northload Street first took its name in 1240.
Just 1/3 of a mile long, Northload Street is home to 149 dwellings – a mix of flats and terraced houses. The highest price paid for a property on Northload Street was £230,000 paid for 66 Northload Street in 2006 now estimated to be worth £265,800 – possibly the most valuable property on Northload Street today. At the other end of the scale 2 Hayes Mews exchanged hands for just £8000 in 1995.
There are listed buildings on Northload Street at 5, 7, 9 (and row of cottages behind known as Marchants Buildings),42, the Lamb Inn (now Who’d a Thought It) and Northload Hall. The earliest buildings date from the 18th century with many terraced houses added to Northload Street in 1891 and many recent developments or conversions in the last decade, the most recent being the building of Maia Terrace.
The principal residential areas and buildings along Northload Street are:
- Avalon Buildings
- Chislett House
- Hayes Court
- Hayes Mews
- Horsemans Mews
- Maia Terrace
- Manor House Gardens
- Market Place
- Northload Hall
- Pilgrims Tap
- St John’s Place
- St Joseph’s Mews
- Willow Place
The average price paid for property on Northload Street has increased by 10% over the last 10 years – flats are up just over 11% and terraced houses are up almost 9%. Compare this with the wider BA6 area which saw an average increase in price paid of just over 23%
Over the last 12 months the average price paid for a property on Northload Street was £120,500.
The highest asking rent on Northload Street over the last 12 months was £625 and the lowest £450 with an average of £566 per calendar month – On the average property purchased in the last 12 months this would give a gross yield of 5.6%
Should you buy an investment property on Northload Street?
Due to its proximity to the town centre, the A39 and local facilities, demand will always remain high for property in this street but as the prices and rents vary considerably always get a rental value assessment from a letting specialist before committing to an investment property in this street.
Our research suggests the capital growth for property on Northload Street is below average for this area but with an average yield of 5.6% Northload Street property could be worth considering.
Not a lot of people know that…
Northload Street once provided access northwards from the market place to the river Brue and a route by water to the Bristol Channel.
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
- Web |
- More Posts(119)
