Average Price for property in Somerton is around £301,102 which varies based on type of property you are interested in and ranges from £377,335 for detached house to around £219,727 for semi-detached. Similarly terraced house is around £212,838 and a flat is worth £130,892. Values have been changing and have risen £1,026 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,065 in last 6 months, £15,501 in last 1 year, £18,604 in last 2 years, £19,863 in last 3 years, £31,797 in last 4 years and £30,751 in last 5 years.
Currently average asking price of a property in Somerton is around £435,196 based on approximately 120 properties for sale. Same is the case with rental options based on 16 properties up for rent, average asking rent is around £755 per month.
Estimated property value in Somerton is £301,102. Average asking price is £435,196 while average price paid is £281,820 which is up by £15,501 and Avg. asking rent £755.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 Somerton area. In last 1 year alone average price buyer paid is around £281,820 based on approximately 120 sales in Somerton area alone. If you compare it to last 3 years sales of 339 properties where buyers paid around £265,477. 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 £262,047 for 545 and average amount paid for purchase of approx. 742 properties sold in last 7 years comes to about £259,522 per sale.