Somerset’s most expensive places to buy a home revealed

By Laura Linham

22nd Sep 2024 5:00 pm | Local News

Shepton Mallet is another area where prices have climbed, with homes selling for an average of £360,329.
Shepton Mallet is another area where prices have climbed, with homes selling for an average of £360,329.

House prices in some parts of Somerset are almost three times higher than the county's most affordable areas, according to recent data.

At the top of the list is Wedmore, where properties are selling for an average of £659,450. Known for its village charm and scenic surroundings, Wedmore commands a premium price. "Wedmore has the best that village life has to offer – community, independent shops, pubs, attractive houses and charming cottages all surrounded by beautiful countryside. There is therefore a premium to pay when it comes to property," says Kate Lewis from local property experts, Sandersons Wells.

Wells also remains one of the pricier locations, with homes averaging £379,447.

"The Romans settled in Wells, and it is easy to see why. It sits comfortably in its countryside with some of the most stunning, complete architecture in the country. Wells provides a really West Country quality of life, as well as its twice-weekly market, and is enhanced by such treats as Roots restaurant," explains Lewis. She adds that houses within walking distance of the high street are in high demand.

Shepton Mallet is another area where prices have climbed, with homes selling for an average of £360,329. The town's historic charm and growing arts scene have made it increasingly popular with buyers.

"We have seen a significant level of interest in Shepton, partly because of its proximity to Bruton and Frome, but also because of its fabulous architecture, strong community, growing arts movement, and now its monthly market," says Lewis.

Glastonbury remains a unique draw for homebuyers, with an average price of £348,256. Its famous Tor and festivals, combined with its rich history, have kept demand high.

"Glastonbury is an ancient settlement with a rich mix of housing from medieval to handsome Victorian houses and beyond. It's a thriving cultural centre with big band events staged at the Abbey, a range of award-winning restaurants, and its High Street with a raft of independent shops," Lewis notes.

At the more affordable end of the market, Yeovil offers some of the lowest prices in Somerset, with homes averaging £224,645.

Meanwhile, Street remains a relatively affordable option as well, with properties selling for an average of £306,772. Lewis comments, "Street is a market village with Clark's Village on its doorstep. Its larger properties are in high demand because of its proximity to Millfield School."

The variation in house prices across Somerset reflects the county's diverse offering, from affordable homes in towns like Yeovil and Street to premium properties in villages like Wedmore. According to Lewis, Somerset has seen increased interest from buyers outside the region, driven by the shift towards hybrid working.

"Covid has had a huge impact on Somerset. It was always considered slightly outside the commuter belt when the expectation was that people needed to travel every day. Since hybrid working has become a reality for most commuters, the undeniable benefits of Somerset have made it ever more popular. We have seen considerable interest from London; those looking to escape the congestion of the South-East, and increasingly, those from the Cotswolds looking to move to a more 'authentic' and affordable area," she explains.

     

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