Average Price for property in Wells-next-the-Sea is around £322,920 which varies based on type of property you are interested in and ranges from £389,262 for detached house to around £268,024 for semi-detached. Similarly terraced house is around £295,201 and a flat is worth £249,390. Values have been changing and have risen £1,119 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £795 in last 6 months, £22,226 in last 1 year, £32,358 in last 2 years, £43,663 in last 3 years, £41,694 in last 4 years and £36,329 in last 5 years.
Currently average asking price of a property in Wells-next-the-Sea is around £414,615 based on approximately 53 properties for sale. Same is the case with rental options based on 6 properties up for rent, average asking rent is around £914 per month.
Estimated property value in Wells-next-the-Sea is £322,920. Average asking price is £414,615 while average price paid is £386,835 which is up by £22,226 and Avg. asking rent £914.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-next-the-Sea area. In last 1 year alone average price buyer paid is around £386,835 based on approximately 53 sales in Wells-next-the-Sea area alone. If you compare it to last 3 years sales of 141 properties where buyers paid around £334,985. 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 £314,558 for 230 and average amount paid for purchase of approx. 341 properties sold in last 7 years comes to about £310,802 per sale.