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Somerset Place is a residential street with 14 addresses.
It ranks as the 103rd largest and 239th most expensive of the 384 streets in the GL1 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 14 properties: 13 houses and 1 flat.
Somerset Place is a residential street with 14 addresses.
It ranks as the 103rd largest and 239th most expensive of the 384 streets in the GL1 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 14 properties: 13 houses and 1 flat.
Sale prices range from £97,767 for 1 bedroom leasehold flats with a garden (355 ft2) to £276,531 for 4 bedroom freehold houses with a garden (1,410 ft2) .
Monthly rental prices range from £648 pcm for 1 bed flats to £1,310 pcm for 4 bed houses.
The gross rental yield is between 5.7% and 8.0%.
The average value per square foot is £241.
The last sale on Somerset Place sold for £155,000 on 31st May 2023. Since then prices are up an average of 0.9%.
The current average value in the street is £207,554.
The Somerset Place Sales Market has increased by 35.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.1% | £207,554 |
| May 2025 | 2.3% | £207,327 |
| May 2024 | -1.5% | £202,649 |
| May 2023 | 0.7% | £205,661 |
| May 2022 | 10.8% | £204,230 |
| May 2021 | 5.9% | £184,257 |
| May 2020 | 0.5% | £173,968 |
| May 2019 | 3.2% | £173,084 |
| May 2018 | 4.7% | £167,750 |
| May 2017 | 4.4% | £160,283 |
| May 2016 | 7.5% | £153,514 |
| May 2015 | 5.9% | £142,749 |
| May 2014 | 6.2% | £134,816 |
| May 2013 | -0.4% | £126,922 |
| May 2012 | 1.3% | £127,462 |
| May 2011 | -3.1% | £125,824 |
| May 2010 | 7.4% | £129,873 |
| May 2009 | -15.8% | £120,959 |
| May 2008 | -5.3% | £143,710 |
| May 2007 | 0% | £151,822 |
The current average rental value in the street is £1,080.
The Somerset Place Rental Market has increased by 74.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.9% | £1,080pcm |
| May 2025 | 7.9% | £1,040pcm |
| May 2024 | 8.1% | £964pcm |
| May 2023 | 10.6% | £892pcm |
| May 2022 | 8.6% | £807pcm |
| May 2021 | 6.4% | £743pcm |
| May 2020 | 3.6% | £698pcm |
| May 2019 | 1.2% | £674pcm |
| May 2018 | 2.7% | £666pcm |
| May 2017 | 4.5% | £649pcm |
| May 2016 | 2.9% | £620pcm |
| May 2015 | 2.7% | £603pcm |
| May 2014 | 2.2% | £587pcm |
| May 2013 | 1.4% | £574pcm |
| May 2012 | 0.2% | £566pcm |
| May 2011 | 3.4% | £565pcm |
| May 2010 | 3.6% | £547pcm |
| May 2009 | -10.1% | £528pcm |
| May 2008 | 4.3% | £587pcm |
| May 2007 | 0% | £563pcm |
The last sale was on 31st May 2023 for £155,000 and since then the market in the area has increased by 0.9%. The street has had a total of 18 sales since 1995.
Somerset Place, Gloucester, GL1 has seen 1 sale in the last three years and no sales in the last twelve months.
Somerset Place, Gloucester, GL1 is the 103rd largest and the 239th most expensive street in the GL1 area.
There is 1 postcode on Somerset Place, Gloucester, GL1.
The closest station to Somerset Place, Gloucester, GL1 is Gloucester station which is 1.0 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Somerset Place, Gloucester, GL1, 50.3% of property is privately rented and 21.0% 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 Somerset Place, Gloucester, GL1, 6.3% of residents are recorded as possessing school level qualifications and 31.7% 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 Somerset Place, Gloucester, GL1, the average age was 37.8 and the most common age was 22.
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 Somerset Place, Gloucester, GL1, 0.7% 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 Somerset Place, Gloucester, GL1, there are an average of 0.7 cars per household.
See below for how this compares to South West and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.