Average Price for property in North Somerset is around £220,037 which varies based on type of property you are interested in and ranges from £320,470 for detached house to around £210,398 for semi-detached. Similarly terraced house is around £174,577 and a flat is worth £146,720. Values have been changing and have risen £1,419 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,242 in last 6 months, £18,893 in last 1 year, £25,058 in last 2 years, £24,745 in last 3 years, £20,192 in last 4 years and £26,355 in last 5 years.
Currently average asking price of a property in North Somerset is around £265,193 based on approximately 2,062 properties for sale. Same is the case with rental options based on 196 properties up for rent, average asking rent is around £4,673 per month.
Estimated property value in North Somerset is £220,037. Average asking price is £265,193 while average price paid is £199,358 which is up by £18,893 and Avg. asking rent £4,673.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 North Somerset area. In last 1 year alone average price buyer paid is around £199,358 based on approximately 2,062 sales in North Somerset area alone. If you compare it to last 3 years sales of 5,945 properties where buyers paid around £192,918. 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 £190,934 for 9,491 and average amount paid for purchase of approx. 12,580 properties sold in last 7 years comes to about £189,329 per sale.