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Area Guide for Glastonbury

Glastonbury, a town in Somerset and located in the Mendip district, has a population of 8,932 according to the 2011 census. The town lies less than 1 mile from Street, albeit separated by the River Brue, while Bristol is located 28 miles away.

History

There is no denying that Glastonbury is an area of significant historical importance in England with evidence of findings dated to the Neolothic times being uncovered here. There was a notable village in the area during the Bronze Age and Glastonbury Abbey was one of the most highly regarded abbeys in the country.
In 1016, the abbey played host to the coronation of Edmund Ironside when he was hailed as the King of England. There are many buildings surviving in the town which were connected to the abbey.

Location

There is a range of places of interest around Glastonbury to consider.

• Wells – 6.1 miles
• Shepton Mallet – 10.6 miles
• Weston Super Mare – 23 miles
• Bristol – 28 miles

Transport

Transport is essential for getting in, out and around any local area and you’ll find that there are a number of options which are suitable for Glastonbury residents.

Buses

There is a range of local bus operators in Glastonbury, including Nippy Bus and WebberBus, while National Express also serves the area. The key routes to and from Bristol include routes to Taunton, Bristol and Bridgwater. Anyone looking for a local service would be advised to check with the relevant travel operator to ensure their journey is available.

• Nearest Train Station – Castle Cary – 14.5 miles
• Nearest Airport – Bristol Airport – 22.8 miles

While Castle Cary station is the closest train station to Glastonbury, there is no reliable bus service between the areas. This is why many people reliant on public transport will use Bristol Temple Meads station which is 28.2 miles away from Glastonbury. The standard travel time by bus takes around 1 hour and 20 minutes.

Town Hall

Glastonbury Town Hall is located on Magdalene Street and is available for hire.

Education

The availability and standard of education in a local area is important and Glastonbury has a lot to offer to local residents looking for attractive schools. St Benedict’s Church of England Voluntary Aided Junior School serves over 200 pupils aged between 7 and 11 while St John’s Church of England Voluntary Controlled Infants School serves close to 250 pupils aged between 2 and 7 years old. St John’s was classed as “Good” in the most recent Ofted inspection.
The secondary school in Glastonbury is St Dunstan’s School and this school serves over 400 pupils aged between 11 and 16 years old.

Housing

With respect to the average property price in Glastonbury, the figure at November of 2016 stood at £236,591. This represents a rise of 6% on the November 2015 figure, which stood at £222,945. There is often limited data to consider in the Glastonbury property market which can impact the usefulness of the information that is available but this appears to be a fair representation of the Glastonbury property market.

With respect to average property rents in Glastonbury, the current figure stands at £624 per calendar month. This is split between two bedroom properties, averaging £581 per calendar month, and three bedroom properties averaging £778 per calendar month.

A look at the rental market in Shepton Mallet in 2017

With a population of around 10,000 people, Shepton Mallet is a notable town in Somerset in the south west of England. While there is a great deal of historical importance in the town, Shepton Mallet is also a modern town with a number of key areas, all of which have their own characteristics. This provides the feel of separate community areas, all of which have the focal point of the church and the Market Place. The town centre itself is small, with just two main streets but with a pedestrianised area and a retail park, there is a lot of life in the local area.

Given that there are a number of industries operating in the local area, there is a strong local economy which offers jobs and therefore rental expectations. Although the rental market in towns like Shepton Mallet may not be the archetypal rental area, there is a notable level of demand for letting opportunities. The influence of the Glastonbury festival, with Shepton Mallet being the nearest town to the festival, cannot be overlooked when considering why some people would be keen to stay in the area. There is a spirit and atmosphere in Shepton Mallet and surrounding areas which is present all year round, not just at festival time, and this appeals to a lot of people.

There are rental yield options worth considering in Shepton Mallet

With respect to the current rental yields in the BA4 postcode area, there is an expected return of 4.05% for a one bedroom property in the area while a two bedroom property provides an expected yield of 4.27%. There is a 3.52% expected rental yield for a three bedroom property while a four bedroom property carried an expected rental yield of 2.85%. There is also an expected rental yield of 4.16% for a five bedroom property.

As there will be times when there are not a lot of rental opportunities available in Shepton Mallet, there may not be a lot of information to draw upon with respect to the nature or behaviour of the market. In a limited market, one or two outliers can have a big impact but it is no surprise to learn that the most common options are flats and houses; with one to three bedrooms featured more regularly.

The average rent for a one bedroom property stands at just below £500 per calendar month while a two bedroom property commands an average rent of £580 per calendar month. There is a rise in prices for a three bedroom property, which stands at the average price of £787 per calendar month. One bedroom properties move quickly in Shepton Mallet with an average time on market of 8 days.

Like most areas across the United Kingdom, a range of factors, both local, countrywide and even globally, are expected to impact on issues like the economy and demand for properties. The overall trend is that there will be an expected rise in demand for rental property and even though Shepton Mallet is small enough to often withstand the impact and influence of external influences, there is expected to be a strong demand for rental property over the year.

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