Average Price for property in Banwell is around £264,930 which varies based on type of property you are interested in and ranges from £331,805 for detached house to around £211,670 for semi-detached. Similarly terraced house is around £201,878 and a flat is worth £98,597. Values have been changing and have risen £2,333 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,414 in last 6 months, £23,503 in last 1 year, £34,668 in last 2 years, £38,037 in last 3 years, £35,802 in last 4 years and £39,493 in last 5 years.
Currently average asking price of a property in Banwell is around £330,193 based on approximately 31 properties for sale. Same is the case with rental options based on 4 properties up for rent, average asking rent is around £677 per month.
Estimated property value in Banwell is £264,930. Average asking price is £330,193 while average price paid is £240,037 which is up by £23,503 and Avg. asking rent £677.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 Banwell area. In last 1 year alone average price buyer paid is around £240,037 based on approximately 31 sales in Banwell area alone. If you compare it to last 3 years sales of 85 properties where buyers paid around £214,375. 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 £212,176 for 152 and average amount paid for purchase of approx. 200 properties sold in last 7 years comes to about £218,963 per sale.