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House Prices in TA23

The average house price in TA23 (Watchet) is £304,666 using HM Land Registry data.

The average property price increased by £83,856 (22.25%) over the last 5 years and increased by £16,764 (3.44%) over the last 12 months.

Over the last year, there were 51 residential property sales – a decrease of 38 transactions (-74.51%) relative to the previous year. The majority of house sales (16) were in the £206,000 - £262,000 range. Then came properties in the £262,000 - £318,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,000 (-4%).

In June 2024, there were 0 new estate agency instructions, 0 agreed home sales and 0 property price reductions.

5-Year Average Property Prices in TA23 (Watchet)

22.25%

Property prices in Watchet increased by 22.25% 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 TA23 (Watchet) Over the Last Year

3.44%

Property prices in Watchet increased by 3.44% 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 TA23 (Watchet) - 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 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 TA23 (Watchet)

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 TA23 (Watchet)

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 TA23 (Watchet)

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 TA23 (Watchet) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TA23 postcode area since 1995.

Recent Sales in TA23 (Watchet)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
2 Castle Mead, Washford, Watchet, Somerset, TA23 0PZ	£259,995	£250,000	-£9,995	13 Jul 2023	19 Oct 2023	98 Days
22 Gladstone Terrace, Watchet, Somerset, TA23 0DP	£260,000	£255,000	-£5,000	30 Jun 2023	22 Sep 2023	84 Days
20 Liddymore Road, Watchet, Somerset, TA23 0DT	£260,000	£260,000	£00	24 Jan 2023	16 Aug 2023	204 Days
25 Flowerdale Road, Watchet, Somerset, TA23 0DX	£310,000	£285,000	-£25,000	06 Mar 2023	16 Aug 2023	163 Days
4 Quarry Road, Washford, Watchet, Somerset, TA23 0NR	£325,000	£300,000	-£25,000	13 Sep 2022	12 May 2023	241 Days
11 Flowerdale Road, Watchet, Somerset, TA23 0DX	£225,000	£215,000	-£10,000	13 Dec 2022	17 Apr 2023	125 Days
13 Rangoon Road, Watchet, Somerset, TA23 0TS	£425,000	£425,000	£00	15 Aug 2022	10 Mar 2023	207 Days
46 Liddymore Road, Watchet, Somerset, TA23 0DT	£315,000	£295,000	-£20,000	10 Nov 2022	15 Feb 2023	97 Days
4 Belle Vue, Washford, Watchet, Somerset, TA23 0NP	£360,000	£350,000	-£10,000	02 Jun 2022	16 Dec 2022	197 Days
3 The Rope Walk, Watchet, Somerset, TA23 0ET	£275,000	£255,000	-£20,000	07 Jul 2022	08 Dec 2022	154 Days
29 West Street, Watchet, Somerset, TA23 0BQ	£179,950	£172,000	-£7,950	25 Jul 2022	16 Nov 2022	114 Days
73 West Street, Watchet, Somerset, TA23 0BH	£325,000	£320,000	-£5,000	07 Jul 2022	26 Oct 2022	111 Days
18 St Decumans Road, Watchet, Somerset, TA23 0AT	£425,000	£422,000	-£3,000	21 Feb 2022	07 Oct 2022	228 Days
9 Verdun Terrace, Washford, Watchet, Somerset, TA23 0PF	£225,000	£222,000	-£3,000	18 Mar 2022	15 Jul 2022	119 Days
11 Cherry Tree Way, Watchet, Somerset, TA23 0UB	£450,000	£450,000	£00	06 Jan 2022	05 May 2022	119 Days
2 Normandy Avenue, Watchet, Somerset, TA23 0TU	£270,000	£265,000	-£5,000	11 Nov 2021	29 Apr 2022	169 Days
15 Liddymore Road, Watchet, Somerset, TA23 0DR	£245,000	£245,000	£00	26 Nov 2021	29 Apr 2022	154 Days
6 Gladstone Terrace, Watchet, Somerset, TA23 0DP	£205,000	£205,000	£00	12 Oct 2021	22 Dec 2021	71 Days
3 West Street, Watchet, Somerset, TA23 0BG	£170,000	£168,000	-£2,000	15 Jul 2021	17 Dec 2021	155 Days
13 Belle Vue, Washford, Watchet, Somerset, TA23 0NP	£260,000	£260,000	£00	05 Feb 2021	14 Dec 2021	312 Days

Most Expensive Streets in TA23 (Watchet)

Postcode	Street	Area	Average	No. of Sales
TA23 0HZ	Five Bells	Watchet	£496,632	7
TA23 0SL	Luxborough	Watchet	£495,833	3
TA23 0FL	St Decumans Heights, St Decumans Road	Watchet	£473,333	3
TA23 0FG	Stoates Mill	Watchet	£433,057	15
TA23 0HR	St Decumans Road	Watchet	£418,250	4
TA23 0UB	Cherry Tree Way	Watchet	£408,750	4
TA23 0LA	Torre, Washford	Watchet	£387,740	5
TA23 0SH	Kingsbridge, Luxborough	Watchet	£358,666	3
TA23 0SJ	Pooltown, Luxborough	Watchet	£358,333	3
TA23 0AX	Brendon Road	Watchet	£340,357	7

Least Expensive Streets in TA23 (Watchet)

Postcode	Street	Area	Average	No. of Sales
TA23 0DA	South Road	Watchet	£102,766	3
TA23 0UE	Kingsland	Watchet	£123,500	3
TA23 0AD	Swain Street	Watchet	£146,950	4
TA23 0JG	Courtlands Close	Watchet	£162,000	3
TA23 0JQ	Churchill Way	Watchet	£162,214	7
TA23 0FD	Lorna Doone, West Street, Watchet	Watchet	£167,663	15
TA23 0HP	Causeway Terrace	Watchet	£179,100	10
TA23 0BX	St Decumans Apartments, St Decumans Road	Watchet	£185,000	3
TA23 0BG	West Street	Watchet	£187,166	6
TA23 0HE	South Road	Watchet	£187,500	4