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House Prices in BA4

The average house price in BA4 (Shepton Mallet) is £341,812 using HM Land Registry data.

The average property price increased by £143,537 (35.55%) over the last 5 years and increased by £28,695 (5.04%) over the last 12 months.

Over the last year, there were 179 residential property sales – a decrease of 73 transactions (-40.78%) relative to the previous year. The majority of house sales (52) were in the £130,000 - £244,000 range. Then came properties in the £244,000 - £358,000 range, where 50 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 79 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-39,086 (-6%).

In June 2024, there were 46 new estate agency instructions, 27 agreed home sales and 18 property price reductions.

5-Year Average Property Prices in BA4 (Shepton Mallet)

35.55%

Property prices in Shepton Mallet increased by 35.55% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in BA4 (Shepton Mallet) Over the Last Year

5.04%

Property prices in Shepton Mallet increased by 5.04% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for BA4 (Shepton Mallet) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in BA4 (Shepton Mallet)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in BA4 (Shepton Mallet)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in BA4 (Shepton Mallet)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the BA4 (Shepton Mallet) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the BA4 postcode area since 1995.

Recent Sales in BA4 (Shepton Mallet)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
50 Cornwall Road, Shepton Mallet, Somerset, BA4 5UR	£275,000	£270,000	-£5,000	02 Dec 2023	10 May 2024	160 Days
6 Westbrook Road, Evercreech, Shepton Mallet, Somerset, BA4 6LR	£350,000	£344,500	-£5,500	23 Jan 2024	03 May 2024	101 Days
Maples, Weston Town, Evercreech, Shepton Mallet, Somerset, BA4 6JG	£350,000	£340,000	-£10,000	15 Jan 2024	02 May 2024	108 Days
12 Westleigh Gardens, Shepton Mallet, Somerset, BA4 5YB	£290,000	£290,000	£00	25 Oct 2023	23 Feb 2024	121 Days
12 Enfield Road, Evercreech, Shepton Mallet, Somerset, BA4 6LJ	£410,000	£399,000	-£11,000	20 Sep 2023	21 Feb 2024	154 Days
East Town Lodge, East Town Lane, Pilton, Shepton Mallet, Somerset, BA4 4NX	£1,000,000	£975,000	-£25,000	21 Oct 2023	16 Feb 2024	118 Days
11 Lime Grove, Shepton Mallet, Somerset, BA4 5XP	£290,000	£280,000	-£10,000	08 Jun 2023	08 Feb 2024	245 Days
16 Hyatt Place, Shepton Mallet, Somerset, BA4 5XY	£450,000	£420,000	-£30,000	01 Jul 2023	29 Jan 2024	212 Days
69 Compton Road, Shepton Mallet, Somerset, BA4 5QT	£675,000	£655,000	-£20,000	05 Aug 2023	25 Jan 2024	173 Days
33 Victoria Grove, Shepton Mallet, Somerset, BA4 5NJ	£229,950	£225,000	-£4,950	30 May 2023	05 Jan 2024	220 Days
1 Ash Grove, Shepton Mallet, Somerset, BA4 4DP	£315,000	£288,000	-£27,000	17 Jul 2023	15 Dec 2023	151 Days
11 Dennett Close, Shepton Mallet, Somerset, BA4 4TP	£335,000	£325,000	-£10,000	25 Apr 2023	15 Dec 2023	234 Days
1 Compton Corner, Shepton Mallet, Somerset, BA4 5QP	£245,000	£230,000	-£15,000	05 Jan 2023	15 Dec 2023	344 Days
14 Westleigh Gardens, Shepton Mallet, Somerset, BA4 5YB	£287,500	£277,500	-£10,000	26 Jul 2023	11 Dec 2023	138 Days
Badger House, Shapway Lane, Evercreech, Shepton Mallet, Somerset, BA4 6JS	£925,000	£900,000	-£25,000	25 Jul 2023	07 Dec 2023	135 Days
1 Wickham Way, Shepton Mallet, Somerset, BA4 5YG	£239,950	£237,500	-£2,450	04 Sep 2023	06 Dec 2023	93 Days
11 Draycott Road, Shepton Mallet, Somerset, BA4 5HT	£425,000	£425,000	£00	13 Aug 2023	27 Nov 2023	106 Days
Flat 4, Hopton Court, Bowns Close, Evercreech, Shepton Mallet, Somerset, BA4 6NY	£125,000	£125,000	£00	12 May 2023	27 Nov 2023	199 Days
3 Fosse Lane, Shepton Mallet, Somerset, BA4 4PS	£265,000	£258,000	-£7,000	08 Aug 2023	24 Nov 2023	108 Days
5 Chestnut Parade, Shepton Mallet, Somerset, BA4 4DW	£445,000	£435,000	-£10,000	08 Jun 2023	22 Nov 2023	167 Days

Most Expensive Streets in BA4 (Shepton Mallet)

Postcode	Street	Area	Average	No. of Sales
BA4 4PD	West Compton	Shepton Mallet	£1,097,500	4
BA4 6NP	Lamyatt	Shepton Mallet	£1,047,742	7
BA4 4AQ	Dark Lane, North Wootton	Shepton Mallet	£1,041,166	3
BA4 6HD	Batcombe	Shepton Mallet	£941,640	5
BA4 6UE	Lower Withial Farm, Withial	Shepton Mallet	£936,666	3
BA4 6RE	Ditcheat	Shepton Mallet	£840,800	5
BA4 6BX	Hopton Court, Ditcheat	Shepton Mallet	£825,000	5
BA4 4EB	Westholme Road, Pilton	Shepton Mallet	£784,000	5
BA4 6AE	Millards Hill, Batcombe	Shepton Mallet	£779,190	3
BA4 4NR	East Compton	Shepton Mallet	£741,666	3

Least Expensive Streets in BA4 (Shepton Mallet)

Postcode	Street	Area	Average	No. of Sales
BA4 5LA	Paul Street	Shepton Mallet	£96,500	3
BA4 5DL	Waterloo House, Lower Lane	Shepton Mallet	£113,044	5
BA4 5AA	Regal Way	Shepton Mallet	£116,400	5
BA4 6NY	Hopton Court, Bowns Close	Shepton Mallet	£118,250	3
BA4 5EN	Longbridge	Shepton Mallet	£122,237	4
BA4 5AQ	High Street	Shepton Mallet	£123,937	8
BA4 5PH	Charlton Road	Shepton Mallet	£128,166	3
BA4 5BL	Peter Street	Shepton Mallet	£128,333	3
BA4 5DQ	Western Court	Shepton Mallet	£130,750	4
BA4 4HF	Dinder House, Sherring Road	Shepton Mallet	£135,500	4