House prices in South Somerset have gone up by an average of over £1,000 in the month of July, according to figures from the Land Registry.
The latest data from the government department reveals that in July 2022 average house prices in South Somerset reached £287,304.
This was up from £285,948 in June, representing a 0.5 per cent increase. In the last 12 months it has risen by 10.6 per cent.
If you are interested in buying or renting a home, you can see the latest properties in and around South Somerset here.
How much have house prices increased in South Somerset?
Breaking it down for specific types of housing, all prices saw an increase.
- Detached houses - Up to £442,746 from £441,175 in June
- Semi-detached houses - Up to £277,451 from £275,746 in June
- Terraced houses - Up to £227,519 from £226,290 in June
- Flats - Up to £135,504 from £135,130 in June
How do South Somerset house prices compare to the UK average?
Despite the rise in prices this month, South Somerset is still slightly below the UK average with typical property value in the nations reaching £292,118 in July.
In cash terms, the average house price in July was £39,157 higher than a year earlier with house price growth accelerating to 15.5 per cent in July 2022. Prices were up by 2.0 per cent month on month.
How much could your house be worth?
We have created this map for the South West so you can see the average house price in each neighbourhood since 1995.
Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.
The above map can demonstrate which areas of South Somerset are the most expensive for average house prices.
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