Wellington

Area Guide For Wellington

Wellington is a small industrial town in rural Somerset, England, situated 7 miles (11 km) south west of Taunton in the Taunton Deane district, near the border with Devon, which runs along the Blackdown Hills to the south of the town. The town has a population of 13,696, which includes the residents of the parish of Wellington Without, and the villages of Tone and Tonedale. Known as Weolingtun in the Anglo-Saxon period, its name had changed to Walintone by the time of the Domesday Book of 1086. Wellington became a town under a royal charter of 1215 and during the medieval period it grew as a centre for trade on the road from Bristol to Exeter. Major rebuilding took place following a fire in the town in 1731, after which it became a centre for clothmaking. Wellington gave its name to the first Duke of Wellington, Arthur Wellesley, who is commemorated by the nearby Wellington Monument. The Grand Western Canal reached the town in 1835 and then the Bristol and Exeter Railway in 1843. The town's own railway station survived until 1964. Wellington was home of Fox, Fowler and Company, which was the last commercial bank permitted to print their own sterling banknotes in England and Wales.

 
 

Wellington Map

Estimated Price: £233,267
Average Asking Price: £271,209
Price change in last one year: £11,169
Average Price Paid: £207,103
Average Rent Rates: £1,343

 
 

Property Prices Breakdown in Wellington

Average Price for property in Wellington is around £233,267 which varies based on type of property you are interested in and ranges from £336,702 for detached house to around £206,615 for semi-detached. Similarly terraced house is around £164,721 and a flat is worth £109,893. Values have been changing and have risen £151 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,914 in last 6 months, £11,169 in last 1 year, £19,770 in last 2 years, £22,125 in last 3 years, £12,363 in last 4 years and £27,678 in last 5 years.

Currently average asking price of a property in Wellington is around £271,209 based on approximately 348 properties for sale. Same is the case with rental options based on 36 properties up for rent, average asking rent is around £1,343 per month.

Estimated property value in Wellington is £233,267. Average asking price is £271,209 while average price paid is £211,158 which is up by £11,169 and Avg. asking rent £1,343.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 Wellington area. In last 1 year alone average price buyer paid is around £211,158 based on approximately 348 sales in Wellington area alone. If you compare it to last 3 years sales of 935 properties where buyers paid around £206,540. 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 £207,103 for 1,508 and average amount paid for purchase of approx. 1,923 properties sold in last 7 years comes to about £203,849 per sale.

 
 

Properties For Sale in Wellington

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £88,650, £156,589 for a 2 bedroom house, £236,975 for a 3 bedroom house, £408,560 for a 4 bedroom house and £496,422 for a 5 bedroom house. For a flat similarly the prices varies from £92,862 for a single bedroom to £103,788 for a 2 bedroom Flat. To sum up the asking prices for properties in Wellington it comes to around average £91,714 for 1 bedroom property, £143,788 for 2 bedroom, £236,975 for 3 bedroom, £408,560 for 4 bedroom and £496,422 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £455 for 1 bedroom to £632 for 2 bedrooms, £879 for 3 bedrooms, £949 for 4 bedrooms and £1,499 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £451. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £484. You should be generally be expecting around average £453 rent per month for single bedroom property, £570 for 2 bedroom, £879 for 3 bedroom, £949 for 4 bedroom and approximately £1,499 for a 5 bedroom property in Wellington area.

Popular Houses in Wellington

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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