A landlord who has invested in rental properties throughout Yeovil asked me recently about the property market in her home village of West Coker.
The village lies approximately 3 miles to the South West of Yeovil, it currently has one operating pub, the Royal George, has a butchers, a garage/MOT centre, post office and Lanes Hotel and Restaurant. The neighbourhood* of West Coker contains roughly 1600 people or 670 households. What we found out about the village’s property market was quite interesting. The current average value of a property in West Coker is £259,000 which is £83,000 below the average of its neighbouring village of East Coker. The most expensive street in West Coker is Dibbles Lane where an average property is worth in excess of £400,000. There have been 97 house sales in West Coker over the past 5 years,
The most expensive property was an attractive period house on East Street, which sold for £840,000 in 2011. Only 10 people have sold their property in the last 12 months, according to Rightmove. From a lettings perspective, the average rent in the village over the last 3 years has been £575 per month, and there are a surprising number of rental properties in such a small rural village, ranging from 4 or 5 bedroom detached houses to smaller 1 or 2 bedroom cottages, annexes and apartments.
If you would like to come and discuss property in the area, you are welcome to visit our office in Yeovil or call me today!
* In this instance, ‘neighbourhood’ relates to The Office for National Statistics ‘Lower Layer Super Output Area or LSOA for West Coker and the surrounding area.