Average Price for property in Somerset is around £244,506 which varies based on type of property you are interested in and ranges from £358,432 for detached house to around £210,387 for semi-detached. Similarly terraced house is around £175,946 and a flat is worth £132,189. Values have been changing and have risen £1,080 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,080 in last 6 months, £16,796 in last 1 year, £20,955 in last 2 years, £25,966 in last 3 years, £26,774 in last 4 years and £24,928 in last 5 years.
Currently average asking price of a property in Somerset is around £296,087 based on approximately 8,029 properties for sale. Same is the case with rental options based on 1,039 properties up for rent, average asking rent is around £1,569 per month.
Estimated property value in Somerset is £244,506. Average asking price is £296,087 while average price paid is £212,248 which is up by £16,796 and Avg. asking rent £1,569.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 Somerset area. In last 1 year alone average price buyer paid is around £212,248 based on approximately 8,029 sales in Somerset area alone. If you compare it to last 3 years sales of 23,264 properties where buyers paid around £207,526. 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 £206,868 for 37,465 and average amount paid for purchase of approx. 49,915 properties sold in last 7 years comes to about £205,489 per sale.