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House Prices in BA4 House Prices in BA4 (Shepton Mallet)

The average house price in BA4 (Shepton Mallet) is £375,333 using HM Land Registry data.

The average property price increased by £96,568 (35.55%) over the last 5 years and increased by £19,349 (5.04%) over the last 12 months.

Over the last year, there were 166 residential property sales – a decrease of 54 transactions (-32.53%) relative to the previous year. The majority of house sales (60) were in the £228,000 - £336,000 range. Then came properties in the £120,000 - £228,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 106 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-39,086 (-6%).

In Oct 24, there were 40 new estate agency instructions, 40 agreed home sales and 32 property price reductions.

Nearby Postcodes: BA10, BA11, BA12, BA13, BA14, BA16, BA2, BA22, BA3, BA5, BA6, BA7, BA9, BS27, BS28, BS39, BS40, TA10, TA11, TA7

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.

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 BA4 (Shepton Mallet) - Oct 24

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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
20 Starling Way, Shepton Mallet, Somerset, BA4 4EG£269,950£252,000-£17,95026 Dec 202316 Aug 2024234 Days
18 Summerleaze Park, Shepton Mallet, Somerset, BA4 5FE£135,000£132,500-£2,50016 Aug 201714 Aug 20242555 Days
Kharisma, High Street, Evercreech, Shepton Mallet, Somerset, BA4 6HZ£438,000£410,000-£28,00008 Mar 202401 Aug 2024146 Days
48 Cornwall Road, Shepton Mallet, Somerset, BA4 5UP£290,000£225,000-£65,00004 Apr 202410 Jul 202497 Days
41 Westbrook Vale, Evercreech, Shepton Mallet, Somerset, BA4 6JN£280,000£272,000-£8,00003 Mar 202405 Jul 2024124 Days
5 Holly Lane, Shepton Mallet, Somerset, BA4 4HU£225,000£221,000-£4,00021 Mar 202427 Jun 202498 Days
4 Kings Close, Shepton Mallet, Somerset, BA4 5DU£179,950£115,000-£64,95026 Mar 201818 Jun 20242276 Days
3 Walnut Grove, Shepton Mallet, Somerset, BA4 4HX£245,000£240,000-£5,00002 Mar 202418 Jun 2024108 Days
2 Wesley Close, Wanstrow, Shepton Mallet, Somerset, BA4 4TA£250,000£225,000-£25,00005 Jan 202407 Jun 2024154 Days
15 Nightingale Grove, Shepton Mallet, Somerset, BA4 5PZ£400,000£385,000-£15,00026 Dec 202331 May 2024157 Days
27 Society Road, Shepton Mallet, Somerset, BA4 5GF£525,000£515,000-£10,00030 May 202328 May 2024364 Days
50 Cornwall Road, Shepton Mallet, Somerset, BA4 5UR£275,000£270,000-£5,00002 Dec 202310 May 2024160 Days
6 Westbrook Road, Evercreech, Shepton Mallet, Somerset, BA4 6LR£350,000£344,500-£5,50023 Jan 202403 May 2024101 Days
Maples, Weston Town, Evercreech, Shepton Mallet, Somerset, BA4 6JG£350,000£340,000-£10,00015 Jan 202402 May 2024108 Days
62 Beech Avenue, Shepton Mallet, Somerset, BA4 5XW£295,000£290,000-£5,00025 Nov 202329 Apr 2024156 Days
11 Churchill Road, Shepton Mallet, Somerset, BA4 5SU£239,950£239,950£0007 Jul 202319 Apr 2024287 Days
27 Westbrook Road, Evercreech, Shepton Mallet, Somerset, BA4 6LR£249,950£237,500-£12,45014 Nov 202312 Apr 2024150 Days
Hartley House, Westholme Road, Pilton, Shepton Mallet, Somerset, BA4 4EB£1,000,000£900,000-£100,00023 Aug 202315 Mar 2024205 Days
12 Westleigh Gardens, Shepton Mallet, Somerset, BA4 5YB£290,000£290,000£0025 Oct 202323 Feb 2024121 Days
12 Enfield Road, Evercreech, Shepton Mallet, Somerset, BA4 6LJ£410,000£399,000-£11,00020 Sep 202321 Feb 2024154 Days

Most Expensive Streets in BA4 (Shepton Mallet)

PostcodeStreetAreaAverageNo. of Sales
BA4 4PDWest ComptonShepton Mallet£1,023,3333
BA4 6NPLamyattShepton Mallet£1,023,0258
BA4 6HDBatcombeShepton Mallet£941,6405
BA4 6UELower Withial Farm, WithialShepton Mallet£936,6663
BA4 6BXHopton Court, DitcheatShepton Mallet£825,0005
BA4 6REDitcheatShepton Mallet£788,1666
BA4 4EBWestholme Road, PiltonShepton Mallet£784,0005
BA4 6AEMillards Hill, BatcombeShepton Mallet£779,1903
BA4 6ABKale Street, BatcombeShepton Mallet£698,0005
BA4 4DFTop Street, PiltonShepton Mallet£655,0003

Least Expensive Streets in BA4 (Shepton Mallet)

PostcodeStreetAreaAverageNo. of Sales
BA4 5LAPaul StreetShepton Mallet£96,5003
BA4 5DLWaterloo House, Lower LaneShepton Mallet£114,2036
BA4 5AARegal WayShepton Mallet£116,4005
BA4 6NYHopton Court, Bowns CloseShepton Mallet£118,2503
BA4 5ENLongbridgeShepton Mallet£122,2374
BA4 5ESCowl StreetShepton Mallet£122,8754
BA4 5AQHigh StreetShepton Mallet£125,6427
BA4 5PHCharlton RoadShepton Mallet£128,1663
BA4 5BLPeter StreetShepton Mallet£128,3333
BA4 5DQWestern CourtShepton Mallet£132,6663

Explore BA4 (Shepton Mallet) using map

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