Average Price for property in Gate Lane, Wells, BA5 is around £131,311 which varies based on type of property you are interested in and ranges from £136,872 for terraced house to around £130,694 for a flat. Values have been changing and have risen £306 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,076 in last 6 months, £9,363 in last 1 year, £11,578 in last 2 years, £14,554 in last 3 years, £15,370 in last 4 years and £15,617 in last 5 years.
Currently average asking price of a property in Gate Lane, Wells, BA5 is around £376,820 based on approximately 7 properties for sale. Same is the case with rental options based on 28 properties up for rent, average asking rent is around £1,478 per month.
Estimated property value in Gate Lane, Wells, BA5 is £131,311. Average asking price is £376,820 while average price paid is £112,285 which is up by £9,363 and Avg. asking rent £1,478.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Gate Lane, Wells, BA5 area. In last 1 year alone average price buyer paid is around £112,285 based on approximately 7 sales in Gate Lane, Wells, BA5 area alone. If you compare it to last 3 years sales of 9 properties where buyers paid around £115,111. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £116,100 for 10 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £134,307 per sale.