Somerset

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Area Guide For Somerset

The ceremonial and non-metropolitan county of Somerset in South West England borders Bristol and Gloucestershire to the north, Wiltshire to the east, Dorset to the south-east, and Devon to the south-west. It is partly bounded to the north and west by the Bristol Channel and the estuary of the River Severn. Its traditional northern border is the River Avon, but the administrative boundary has crept southwards with the creation and expansion of the City of Bristol, and latterly the county of Avon and its successor unitary authorities to the north. Somerset's county town, Taunton, is in the south. Somerset is a rural county of rolling hills such as the Blackdown Hills, Mendip Hills, Quantock Hills and Exmoor National Park, and large flat expanses of land including the Somerset Levels. There is evidence of human occupation from Palaeolithic times, and of subsequent settlement in the Roman and Anglo-Saxon periods. The county played a significant part in the consolidation of power and rise of King Alfred the Great, and later in the English Civil War and the Monmouth Rebellion. Agriculture is a major business in the county. Farming of sheep and cattle,

Somerset Map

Estimated Price: £244,506
Average Asking Price: £296,087
Price change in last one year: £16,796

Average Price Paid: £206,868
Average Rent Rates: £1,569

Property Prices Breakdown in Somerset

Average Price for property in Somerset is around £244,506 which varies based on type of property you are interested in and ranges from £358,432 for detached house to around £210,387 for semi-detached. Similarly terraced house is around £175,946 and a flat is worth £132,189. Values have been changing and have risen £1,080 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,080 in last 6 months, £16,796 in last 1 year, £20,955 in last 2 years, £25,966 in last 3 years, £26,774 in last 4 years and £24,928 in last 5 years.

Currently average asking price of a property in Somerset is around £296,087 based on approximately 8,029 properties for sale. Same is the case with rental options based on 1,039 properties up for rent, average asking rent is around £1,569 per month.

Estimated property value in Somerset is £244,506. Average asking price is £296,087 while average price paid is £212,248 which is up by £16,796 and Avg. asking rent £1,569.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 Somerset area. In last 1 year alone average price buyer paid is around £212,248 based on approximately 8,029 sales in Somerset area alone. If you compare it to last 3 years sales of 23,264 properties where buyers paid around £207,526. 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 £206,868 for 37,465 and average amount paid for purchase of approx. 49,915 properties sold in last 7 years comes to about £205,489 per sale.

Properties For Sale in Somerset

Sale Price : £455000

4 Bedroom Property

Property | 4 Bd | -- Ba

Axbridge

Sale Price : £975000

6 Bedroom Property

Property | 6 Bd | -- Ba

Axbridge

Sale Price : £975000

5 Bedroom Property

Property | 5 Bd | -- Ba

Axbridge

Sale Price : £725000

5 Bedroom Property

Property | 5 Bd | -- Ba

2 Bedroom Flat

Yeovil
Flat | 2 Bd | -- Ba

SUPERB OPPORTUNITY To rent this recently renovated first floor flat that offers two double bedrooms....

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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 £108,456, £173,383 for a 2 bedroom house, £238,337 for a 3 bedroom house, £370,628 for a 4 bedroom house and £536,870 for a 5 bedroom house. For a flat similarly the prices varies from £100,173 for a single bedroom to £143,404 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £178,613, £198,725 for a 4 bedroom flat and £681,000 for a 5 bedroom flat. To sum up the asking prices for properties in Somerset it comes to around average £102,602 for 1 bedroom property, £162,160 for 2 bedroom, £236,191 for 3 bedroom, £370,083 for 4 bedroom and £538,672 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 £479 for 1 bedroom to £630 for 2 bedrooms, £795 for 3 bedrooms, £1,124 for 4 bedrooms and £1,638 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £452. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £571, £675 for 3 bedroom and £693 for 4 bedroom. You should be generally be expecting around average £459 rent per month for single bedroom property, £602 for 2 bedroom, £787 for 3 bedroom, £1,119 for 4 bedroom and approximately £1,638 for a 5 bedroom property in Somerset area.