Martock

Area Guide For Martock

Martock is an extensive town and common area in Somerset, England, arranged on the edge of the Somerset Levels 7 miles (11.3 km) north west of Yeovil in the South Somerset region. The area incorporates Hurst, roughly one mile south of the town, and Bower Hinton, which is spotted at the western end of the town and limited by Hurst and the A303. Martock has a populace of 4,766 and was truly a market town. Martock was known in the Domesday Book of 1086 as Mertoch. It signifies 'Climbing splendid from the sparkling ocean' from the Old English 'meretorht'. It was the property of Queen Edith (Eagdith), wife of Godwin and mother of Earl (Harold II). By 1066 it was the property of Queen Edith, wife of Edward the Confessor. The statement root 'Mer-" can likewise allude to 'a limit or shore line' from the Old English 'maere'. It is conceivable that the name incorporated the Old English component "stoc" signifying 'by a lake'.

 
 

Martock Map

Estimated Price: £251,162
Average Asking Price: £346,332
Price change in last one year: £19,755
Average Price Paid: £209,647
Average Rent Rates: £662

 
 

Property Prices Breakdown in Martock

Average Price for property in Martock is around £251,162 which varies based on type of property you are interested in and ranges from £371,465 for detached house to around £224,007 for semi-detached. Similarly terraced house is around £181,249 and a flat is worth £119,575. Values have been changing and have risen £1,236 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,367 in last 6 months, £19,755 in last 1 year, £23,506 in last 2 years, £25,409 in last 3 years, £26,664 in last 4 years and £26,567 in last 5 years.

Currently average asking price of a property in Martock is around £346,332 based on approximately 110 properties for sale. Same is the case with rental options based on 6 properties up for rent, average asking rent is around £662 per month.

Estimated property value in Martock is £251,162. Average asking price is £346,332 while average price paid is £199,036 which is up by £19,755 and Avg. asking rent £662.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Martock area. In last 1 year alone average price buyer paid is around £199,036 based on approximately 110 sales in Martock area alone. If you compare it to last 3 years sales of 273 properties where buyers paid around £205,267. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £209,647 for 456 and average amount paid for purchase of approx. 584 properties sold in last 7 years comes to about £215,380 per sale.

 
 

Properties For Sale in Martock

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £130,000, £165,222 for a 2 bedroom house, £272,222 for a 3 bedroom house, £448,750 for a 4 bedroom house and £449,983 for a 5 bedroom house. For a flat similarly the prices varies from £85,000 for a single bedroom to £60,000 for a 2 bedroom Flat. To sum up the asking prices for properties in Martock it comes to around average £96,250 for 1 bedroom property, £154,700 for 2 bedroom, £272,222 for 3 bedroom, £448,750 for 4 bedroom and £449,983 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £725 for 2 bedroom to £901 for 4 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £394. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £498. You should be generally be expecting around average £394 rent per month for single bedroom property, £668 for 2 bedroom and approximately £901 for 4 bedroom property in Martock area.

Popular Houses in Martock

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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