More ‘Home’ for your money in Milborne Port
HOUSE prices in Milborne Port, Somerset, have reached near pre-recession levels although it’s still one of the most affordable places to live in the area according to statistics.
An analysis of sold prices over the last year, available via property website Rightmove, shows values in the village of Milborne Port were 4% up on the previous year, with the upturn stronger than some surrounding areas, and back to a similar level seen at the peak of the market in 2007.
Prices in June 2015* averaged £221,818 almost equalling 2007 values, when they averaged at £224,646.
Offering a more affordable range of properties, Milborne Port’s average sold price is cheaper than nearby Sherborne (£281,714 – consistent with last year’s figures), Charlton Horethorne (£365,366 – 31% down on the previous year) and Marnhull (£298,536 – also up 4% on values 12 months ago).
The sold prices were analysed by housebuilder Elan Homes. Sales director for the South Andrea Nippe said: “We looked at house prices for a number of surrounding towns and found that house prices overall were among the most affordable in Milborne Port.”
When comparing semi-detached and detached properties in Milborne Port and Sherborne, a similar trend was found. Milborne Port’s semi-detached properties average a selling price of £222,528 while for detached properties the figure stands at £294,792, In Sherborne prices for each property type average at £262,157 and £402,097 respectively.
Andrea added: “We are building new homes in Milborne Port at our Kingsbury Gardens development and have ensured they are competitively priced compared with other properties, including the second hand market, while offering all the added benefits of being brand new including ease of maintenance, energy efficiency and modern fitted kitchens and bathrooms.”
The impressive collection of three and four-bedroom semi-detached and detached new homes are carefully crafted in traditional styles, with contemporary features and spacious, well-planned living spaces. Current prices for a three-bedroom detached home start from £239,995.
Part exchange or Help to Buy are available making it easier than ever for buyers to move up the property ladder
Help to Buy enables purchasers to use only a 5% deposit and a 75% mortgage, as the government provides an equity loan for up to 20% of the purchase price, which is interest free for five years.
Kingsbury Gardens, located off Wheathill Lane, will eventually feature 20 houses. While the homes all have a traditional appearance in keeping with their surroundings, inside they are light, bright and modern; benefiting from a contemporary and stylish internal specification, fitted kitchens and built in appliances.
Surrounded by rolling countryside, but with a wealth of local clubs and societies, the village enjoys a fantastic community spirit.
Convenient for commuters it’s just off the A30 and three miles east of the historic market town of Sherborne, which is well known for its medieval buildings, Abbey and schools.
Elan Homes recently opened a marketing suite at Kingsbury Gardens and many of the homes have already been sold off-plan with just a small number remaining for sale.
Alternatively, to book an appointment to visit Kingsbury Gardens, open Thursday to Monday, 10am to 5pm, call 07891 312887 or for further information go online at www.elan-homes.co.uk/kingsbury-gardens-milborne-port