A landlord who has
invested in rental properties throughout Morley and surrounding areas asked me
about the property market in her home village of Gildersome. If you’re not familiar, Gildersome is thought
to have been founded by Dutch immigrants who fled from Guelderland in around
1751. It was an old mining community and some of the original mining locations
remain today. Some of the old housing built for the miners still stands today,
including the town houses and terraces built on Street Lane. A lot of land has
been redeveloped. Mill Lane now sits on what used to be a large industrial area.
Gildersome is generally regarded as part
of Morley, but it technically it is separate and is not governed by Morley town
council. Since being established as a
parish in 2004, Gildersome now has its own parish council serving its 5,804
residents.
What we found out
about the area was quite interesting. The average value of a property in Gildersome
is currently £188,174 which is a huge £27,599 above the average of neighbouring
Morley. The most expensive street in Gildersome is
Yarra Court, where an average property is worth in excess of £355,000. Incredibly, 1799 properties have been sold in
Gildersome over the last 10 years.
The most expensive
property was a stunning new 5 bedroom detached property on Church Street, which
sold for £570,000 in 2013. The average rent in
the village is £625 per month and 48 people have sold their property so far
this year, according to the Land Registry.
If you would like
to discuss property in the area, you are welcome to give me a call on 0113
4360 4360 or drop me a line at claire@openhousemorley.co.uk
Don’t forget to
visit the links below to view back dated deals and Morley Property News.
Facebook: www.facebook.com/openhousemorley
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