Average Price for property in Balch Road, Wells, BA5 is around £180,934 which varies based on type of property you are interested in and ranges from £177,766 for semi-detached to around £183,787 for terraced house. Values have been changing and have risen £421 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,859 in last 6 months, £12,898 in last 1 year, £15,948 in last 2 years, £20,049 in last 3 years, £21,169 in last 4 years and £21,505 in last 5 years.
Currently average asking price of a property in Balch Road, Wells, BA5 is around £376,820 based on approximately 3 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 Balch Road, Wells, BA5 is £180,934. Average asking price is £376,820 while average price paid is £179,333 which is up by £12,898 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 Balch Road, Wells, BA5 area. In last 1 year alone average price buyer paid is around £179,333 based on approximately 3 sales in Balch Road, Wells, BA5 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £166,500. 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 £164,812 for 16 and average amount paid for purchase of approx. 16 properties sold in last 7 years comes to about £164,812 per sale.