February 8, 2024 10:42 am

Are you are considering a move to Somerset or looking to make a property investment in this picturesque county?

Whether you're eyeing the vibrant city life or the tranquility of the rural countryside, understanding the current property market is crucial. 

In this blog post, we delve into the Somerset property market to provide you with valuable insights on average property prices and rental trends over the past 12 months.

Average Sold Price in Somerset: £337,641

To kick things off, let's take a closer look at the overall landscape. The average property sale in the past year in Somerset stood at an impressive £337,641. However, as with any diverse region, specific areas within Somerset exhibit varying property values.

Regional Breakdown:

  • Burham on Sea: 
    Average 3-bed semi-detached property: £265,000
  • Weston-super-Mare:
    Average 3-bed semi-detached property: £330,000
  • Frome:
    Average 3-bed semi-detached property: £450,000

These figures reveal that property values can significantly differ based on location within Somerset. Whether you're drawn to the coastal charm of Weston-super-Mare or the historic appeal of Frome, it's essential to consider your preferences and budget when exploring property options.

Rental Market Dynamics:

For those interested in property investment or rental opportunities, Somerset presents a promising landscape. With a growing demand for quality rental accommodation, the market is flourishing.

  • Burham on Sea: 
    Average 3-bed semi-detached rental property: £1096/month
  • Weston-super-Mare:
    Average 3-bed semi-detached rental property: £1350/month
  • Frome:
    3-bed semi-detached rental prices: £1,300 to £2,100/month

These figures highlight the potential returns for property investors, particularly in locations where the demand for rental properties exceeds the supply.

Urban Living vs. Rural Retreat:

Bath, a beautiful city with its rich history and cultural allure, offers both homebuyers and investors opportunities to explore. Whether you're considering a property purchase or looking to invest in the rental market, Bath presents a unique blend of city living and historical charm.

  • Bath:
    Sale price of a 1-bed flat: £235,000
    Rental price for a 1-bed flat: £1,430 per month

In conclusion, Somerset's property market showcases a diverse range of options to satisfy every dream, from coastal towns to picturesque countryside retreats.

Whether you're in pursuit of a dream home or a strategic investment, understanding the current market trends is essential. 

With a steady housing market and a high demand for rental properties, Somerset stands as an attractive destination for those looking to make a move.

Are you sure that your property meets all of the compliance regulations? Non-compliant landlords face up to £30,000 in fines.

Check that you are fully compliant today with our free comprehensice compliance guide, helping to keep landlords, tenants and properties safe.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}