Be the first Estate
Agent here!
Ocean House Rainbow Way is a residential building situated on Rainbow Way, Minehead, TA24 with 11 addresses.
It ranks as the 378th largest and 199th most expensive of the 410 buildings in the TA24 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 11 properties: 11 flats.
Ocean House Rainbow Way is a residential building situated on Rainbow Way, Minehead, TA24 with 11 addresses.
It ranks as the 378th largest and 199th most expensive of the 410 buildings in the TA24 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 11 properties: 11 flats.
Sale prices range from £154,609 for 2 bedroom Leasehold flats (667 ft2) to £154,609 for 2 bedroom Leasehold flats (667 ft2) .
Monthly rental prices range from £714 pcm for 2 bed flats to £714 pcm for 2 bed flats.
The gross rental yield is between 5.5% and 5.5%.
The average value per square foot is £271.
The current average value in the building is £154,609.
The Ocean House Rainbow Way Sales Market has increased by 23.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.6% | £154,609 |
| May 2025 | -1.2% | £155,551 |
| May 2024 | -2.7% | £157,382 |
| May 2023 | 4.2% | £161,752 |
| May 2022 | 6.6% | £155,221 |
| May 2021 | 6.1% | £145,645 |
| May 2020 | 1.4% | £137,322 |
| May 2019 | 3.5% | £135,459 |
| May 2018 | 5.9% | £130,861 |
| May 2017 | -1.5% | £123,573 |
| May 2016 | 4.4% | £125,483 |
| May 2015 | 3% | £120,184 |
| May 2014 | -2.6% | £116,651 |
| May 2013 | -0.7% | £119,761 |
| May 2012 | 0.9% | £120,624 |
| May 2011 | -3.9% | £119,528 |
| May 2010 | 0.2% | £124,335 |
| May 2009 | -8.1% | £124,127 |
| May 2008 | -0.2% | £135,007 |
| May 2007 | 0% | £135,225 |
The current average rental value in the building is £714.
The Ocean House Rainbow Way Rental Market has increased by 55.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.5% | £714pcm |
| May 2025 | 4.4% | £683pcm |
| May 2024 | 7.6% | £654pcm |
| May 2023 | 7.3% | £608pcm |
| May 2022 | 10.7% | £567pcm |
| May 2021 | 7.6% | £512pcm |
| May 2020 | 2.4% | £476pcm |
| May 2019 | 0.9% | £465pcm |
| May 2018 | -1.1% | £461pcm |
| May 2017 | 1.4% | £466pcm |
| May 2016 | 1.7% | £459pcm |
| May 2015 | 0.4% | £452pcm |
| May 2014 | 0.1% | £450pcm |
| May 2013 | -0.2% | £449pcm |
| May 2012 | 1% | £450pcm |
| May 2011 | -1.8% | £446pcm |
| May 2010 | -1.1% | £454pcm |
| May 2009 | -8.2% | £458pcm |
| May 2008 | 5.6% | £499pcm |
| May 2007 | 0% | £473pcm |
The closest station to Ocean House, Rainbow Way, Minehead, TA24 5FA is Rhoose Cardiff International Airport station which is 22.2 kilometres away.
Be the first Estate
Agent here!
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Ocean House, Rainbow Way, Minehead, TA24 5FA, 85.5% of property is socially rented and 7.7% is privately owned outright.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Ocean House, Rainbow Way, Minehead, TA24 5FA, 16.9% of residents are recorded as possessing school level qualifications and 17.8% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Ocean House, Rainbow Way, Minehead, TA24 5FA, the average age was 52.1 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Ocean House, Rainbow Way, Minehead, TA24 5FA, 0.0% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Ocean House, Rainbow Way, Minehead, TA24 5FA, there are an average of 1.1 cars per household.
See below for how this compares to South West and the rest of England & Wales.