Tag: Watts Corner

Top 20 most expensive streets in Street and Glastonbury – Part 4 (6-4)

The countdown continues in the top 20 most expensive streets in Street and Glastonbury with number 6 to 4..

6 – Martin Street (Baltonsborough)

Average price paid £362,807 – Martin Street was once the boundary of a divided Baltonsborough. Merkell, Markyl, or Martin Street had just 4 houses in the late 18th century but today has 58 properties and is home to a small family run vineyard. St. Anne’s school for the daughters of clergy and professional men was opened by Anglican nuns from Clewer (Berks.) before 1871 on a site in Martin Street and later became a boarding house for boys for Millfield school. The most expensive transaction that has been recorded in Martin Street to date is Churchmoor Barn which sold for £830,000 on 30/07/2015.

5 – Watts Corner (Glastonbury)

Average price paid £364,879 – Watts Corner is a development of 72 dwellings located just a 30-minute walk or 6-minute drive NE of Glastonbury town centre. Built by David Wilson homes, the development is also known as Chalice Fields and all the properties are detached. The gap in the Watts Corner dwellings opposite 185 Wells Road was left as an agreement between the then owner of the land who lived at 185 Wells Road and David Wilson Homes so that the owner had an unobscured view of the fields from her kitchen. The most expensive recorded transaction in Watts Corner to date is 47, which sold on 24/08/2007 for £455,000.

4 – High Street (Butleigh)

Average price paid £387,220 – High Street Butleigh is home to 60 properties, a general stores and Post Office and the primary school. The property sale that has the highest recorded price in High Street to date is Holmans Place, which sold on 31/10/2014 for £1,134,825. Holmans Place is a house with barn converted to an annex both of which are listed as are many of the buildings on High Street.

The 3 most expensive streets in Street and Glastonbury will be revealed in the next article.

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

Spotlight on Watts Corner – good investment?

Watts Corner is a development of 72 dwellings located just a 30-minute walk or 6-minute drive NE of Glastonbury town centre.

Built by David Wilson homes, the development is also known as Chalice Fields and all the properties are detached. The first property completed on 19th June 2006 (11) and the most recent transaction was 19th August 2016 (34). In its short history, the highest price paid for a property on Watts Corner was £455,000 (47) and the lowest price paid was £235,000 (43).

Of all the properties sold on Watts Corner since they were originally built, according to the Land Registry data, only 5 transactions were at a price higher than the price the seller paid. 21 transactions were at a price lower than the price the seller paid. Overall, on average, sellers lost £24,400 in buying and selling on Watts Corner. The most recent transaction netted the seller just £11,000 profit but at least it was an increase.

It’s fair to say that capital growth has generally not been a friend of Watts Corner though 3 of the last 6 transactions recorded by the Land Registry show positive growth. Watts Corner is part of the Glastonbury St John’s ward which on average has seen a 13% decline in the average price paid for a detached property over the last 10 years which suggests the trend on Watts Corner may reflect the wider market in the area.

What about rents?

Three 4 bedroom properties have come to the rental market since they were first built and have achieved rents in the range of £1200-£1500 per calendar month though the most recent range is a more modest £1200-£1300 per calendar month.

Three 5 bedroom properties have come to the rental market in the same time and have achieved rents in the range of £1000-£1500 per calendar month.

Conclusion

In terms of capital growth, there are better areas and property types in Mid Somerset to invest in. With an average price paid of £363580 and a rent of £1250 per calendar month this would give you a yield of just over 4% which is slightly better than what is offered by banks.

Not a lot of people know that…

The gap in the Watts Corner dwellings opposite 185 Wells Road was left as an agreement between the then owner of the land who lived at 185 Wells Road and David Wilson Homes so that the owner had an unobscured view of the fields from her kitchen.

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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