Location, Location, Location

When buying a property either to live in or as an investment, location is one of the most important things to consider and is something I often get asked about. As a nation, we’re obsessed with the prices of property, particularly on our own street! So for a bit of fun I have had a quick look at the latest data from the Land Registry to see where the most expensive streets in Glastonbury are, where properties change ownership most often and the least expensive places to buy.

Most Expensive Streets in Glastonbury

If you are familiar with the Glastonbury area, then you may not be surprised to know that 5 of the top 10 most expensive streets are in Butleigh where the average price paid are highest in Wood Lane. Here the average price paid for a property was £929,500 with the highest recorded purchase price is £950,00 and that property is now estimated to be worth around £1,246,800. These properties don’t come up for sale very often, with only 4 transactions recorded since 1995. So if this is an area you’d like to live in you’d better act quickly when a property comes up for sale!

The second most expensive street is Lubborn Lane in Baltonsborough where the 9 dwellings sold for an average of £694,371 and the most expensive property’s estimated value is£960,000.

Looking within the bounds of Glastonbury parish the most expensive street is Dod Lane where the average price paid for a property is £493,232. The highest recorded purchase price was £510,000 and that property is now estimated to be worth £1,775,600. Nearby Chalice Hill Close is slightly further down the list where the average price paid for a property is £474,461.

Street with Highest Turnover of Sales in Glastonbury

The street with the highest turnover is Boundary Way for which there have been 216 recorded transactions for the 90 properties. With the first recorded transaction in February 1995 that equates to one every 35 days! Nearby Benedict Street is a close second with 190 transactions but it does have more than twice the number of properties of Boundary Way at 188. If we compare the number of transactions against the number of properties for each street, highest turnover per property is a street on the same development as Boundary Way which is Stag Way where there have been on average of nearly 3 transactions per property since 1995.

Least Expensive Streets in Glastonbury

So where can you grab a bargain? The top 30 least expensive streets are almost completely dominated by streets in the town centre. Just a hop skip and a jump from the most expensive street in the parish (Dod Lane) is one of the least expensive streets in the form of Silver Street where the average price paid for the 58 dwellings is just £136,008. Silver Street is only the 9th least expensive street though. To find the least expensive street you only need to head across the High Street and North to George Street where the average price paid for the 97 dwellings is just £101,461.

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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