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House Prices in BA5 House Prices in BA5 (Wells)

The average house price in BA5 (Wells) is £343,150 using HM Land Registry data.

The average property price increased by £58,720 (22.12%) over the last 5 years and increased by £11,763 (3.43%) over the last 12 months.

Over the last year, there were 224 residential property sales – a decrease of 104 transactions (-46.43%) relative to the previous year. The majority of house sales (58) were in the £262,000 - £344,000 range. Then came properties in the £180,000 - £262,000 range, where 52 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 191 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,132 (-3%).

In January 2025, there were 38 new estate agency instructions, 40 agreed home sales and 29 property price reductions.

Nearby Postcodes: BA10, BA11, BA16, BA2, BA3, BA4, BA6, BA7, BS25, BS26, BS27, BS28, BS39, BS40, BS41, BS48, BS49, TA11, TA7, TA9

5-Year Average Property Prices in BA5 (Wells)

22.12%

Property prices in BA5 (Wells) increased by 22.12% 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 BA5 (Wells) Over the Last Year

3.43%

Property prices in BA5 (Wells) increased by 3.43% 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.

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).

Property Market Heat Gauge for BA5 (Wells) - January 2025

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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 BA5 (Wells)

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 BA5 (Wells)

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 BA5 (Wells)

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 BA5 (Wells) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the BA5 postcode area since 1995.

Recent Sales in BA5 (Wells)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 2, Priory Mews, Princes Road, Wells, Somerset, BA5 2DT£135,000£129,950-£5,05010 Oct 202318 Dec 2024435 Days
84 Burcott Road, Wells, Somerset, BA5 2EQ£325,000£302,500-£22,50002 Aug 202413 Dec 2024133 Days
3 Kippax Avenue, Wells, Somerset, BA5 2TT£550,000£540,000-£10,00004 May 202412 Dec 2024222 Days
8 Bowring Close, Coxley, Wells, Somerset, BA5 1RH£249,500£240,000-£9,50030 May 202429 Nov 2024183 Days
21 Keward Avenue, Wells, Somerset, BA5 1TS£310,000£305,000-£5,00028 May 202429 Nov 2024185 Days
8 Harewell Walk, Wells, Somerset, BA5 2EZ£299,950£299,950£026 Jul 202429 Nov 2024126 Days
72 Welsford Avenue, Wells, Somerset, BA5 2JA£380,000£380,000£020 May 202428 Nov 2024192 Days
11 Osmond Drive, Wells, Somerset, BA5 2JX£425,000£425,000£030 Jul 202428 Nov 2024121 Days
9 Seymour Close, Wells, Somerset, BA5 2JD£375,000£375,000£009 Jul 202427 Nov 2024141 Days
74 Jocelyn Drive, Wells, Somerset, BA5 2HA£289,950£282,000-£7,95008 Mar 202422 Nov 2024259 Days
4 Campkin Road, Wells, Somerset, BA5 2DG£328,500£328,500£022 May 202420 Nov 2024182 Days
75 Burcott Road, Wells, Somerset, BA5 2EF£379,950£375,000-£4,95004 Jul 202420 Nov 2024139 Days
29 Manor Court, Easton, Wells, Somerset, BA5 1ER£265,000£255,000-£10,00006 Aug 202401 Nov 202487 Days
St Josephs Cottage, Union Street, Wells, Somerset, BA5 2PU£595,000£575,000-£20,00019 Apr 202431 Oct 2024195 Days
44 Manor Court, Easton, Wells, Somerset, BA5 1ER£425,000£414,000-£11,00015 Apr 202425 Oct 2024193 Days
The Lancets, Moffats Drive, South Horrington Village, Wells, Somerset, BA5 3LA£195,000£190,000-£5,00017 May 202425 Oct 2024161 Days
22 Drake Road, Wells, Somerset, BA5 3JX£425,000£422,000-£3,00030 Mar 202425 Oct 2024209 Days
10 Ash Grove, Wells, Somerset, BA5 2LX£900,000£880,000-£20,00023 Apr 202418 Oct 2024178 Days
1 Ethel Street, Wells, Somerset, BA5 2HP£425,000£425,000£020 Jun 202417 Oct 2024119 Days
6 Market Street, Wells, Somerset, BA5 2DS£210,000£202,000-£8,00015 Mar 202416 Aug 2024154 Days

Most Expensive Streets in BA5 (Wells)

PostcodeStreetAreaAverageNo. of Sales
BA5 3PZDulcoteWells£936,7503
BA5 3PEChurch Street, DinderWells£833,6904
BA5 2QSMilton LaneWells£831,2504
BA5 2LXAsh GroveWells£723,7504
BA5 1PDHentonWells£696,2857
BA5 2QTMilton LaneWells£657,9287
BA5 2LDNew StreetWells£641,1254
BA5 2PEChamberlain StreetWells£640,0003
BA5 2LUAsh LaneWells£631,6663
BA5 2BNPortwayWells£606,2504

Least Expensive Streets in BA5 (Wells)

PostcodeStreetAreaAverageNo. of Sales
BA5 1SHHomechime, Priory RoadWells£99,31522
BA5 1URPalace Court, Silver Street, WellsWells£108,45812
BA5 2GDWelsh Court, Charter WayWells£129,0836
BA5 1DJAlfred Court, Gate LaneWells£164,0756
BA5 2LLSheldon MillWells£167,3016
BA5 2XXSt Andrews CourtWells£170,7504
BA5 3AFKings Castle Court, Bath RoadWells£175,8333
BA5 2XYSt Thomas CourtWells£184,4003
BA5 2QXMondyes Court, Milton LaneWells£185,97119
BA5 3DFLower Chapel Court, South Horrington VillageWells£186,91612

Explore BA5 (Wells) using map

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