Yeovil Tops List of Cheapest Areas for Homebuyers in Somerset

Recent data reveals that Yeovil is the most affordable location for homebuyers in Somerset, with properties in the BA21 postcode area selling for an average of £243,508 over the past year. This figure is the lowest among all postcode areas in the county that recorded at least 20 sales during this period, according to a report by SomersetLive.

Following closely, the BA20 postcode in Yeovil recorded an average sale price of £244,749. Other relatively inexpensive areas include Bridgwater (TA6) at £247,035, Crewkerne (TA18) with an average of £273,267, and Burnham-on-Sea (TA8), where homes sold for approximately £281,000.

Highest Average Sale Prices in Somerset

Conversely, the BS28 postcode area in Wedmore holds the title for the highest average home sale price in Somerset, reaching £605,789 for properties with at least 50 sales over the last 12 months. The Churchill area (BS25) follows, with an average price of £475,784. Additional high-value areas include Bruton (BA10) at £468,457, South Petherton (TA13) at £423,620, and North Curry (TA3) averaging £413,898.

A comprehensive analysis of Somerset’s property market shows varied trends across different regions. For instance, the average price in Chard (TA20) stands at £288,110, while Taunton (TA1) has an average price of £290,005. Some other notable averages include:

– Street (BA16): £290,155
– Templecombe (BA8): £294,179
– Highbridge (TA9): £295,381
– Wellington (TA21): £297,255

Market Trends and Changes

The latest statistics also highlight significant shifts in property values across Somerset. For example, Templecombe experienced a notable decline of 23.1% in average sale prices. Other areas facing reductions include Wincanton (-11.9%) and Dulverton (-7.7%). Meanwhile, several regions, including Bruton, saw substantial increases, with prices rising by 30.7%.

Overall, the data paints a detailed picture of the Somerset housing market, illustrating both affordability and high-end options for potential buyers. As homebuyers navigate these trends, they can utilize interactive maps available through SomersetLive to explore average sale prices in various postcode areas across the region.