Average Price for property in Wells is around £275,953 which varies based on type of property you are interested in and ranges from £391,208 for detached house to around £234,418 for semi-detached. Similarly terraced house is around £227,104 and a flat is worth £174,243. Values have been changing and have risen £2,038 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,008 in last 6 months, £19,540 in last 1 year, £25,663 in last 2 years, £31,609 in last 3 years, £31,968 in last 4 years and £35,504 in last 5 years.
Currently average asking price of a property in Wells is around £377,757 based on approximately 340 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 Wells is £275,953. Average asking price is £377,757 while average price paid is £246,688 which is up by £19,540 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 Wells area. In last 1 year alone average price buyer paid is around £246,688 based on approximately 340 sales in Wells area alone. If you compare it to last 3 years sales of 889 properties where buyers paid around £245,390. 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 £245,490 for 1,406 and average amount paid for purchase of approx. 1,884 properties sold in last 7 years comes to about £243,005 per sale.