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House Prices in TA23

The average house price in TA23 (Watchet) is £258,400 using HM Land Registry data.

The average property price increased by £80,361 (22.25%) over the last 5 years and increased by £16,102 (3.44%) over the last 12 months.

Over the last year, there were 56 residential property sales – a decrease of 5 transactions (-8.93%) relative to the previous year. The majority of house sales (16) were in the £160,000 - £222,000 range. Then came properties in the £222,000 - £284,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,570 (-4%).

In February 2025, there were 0 new estate agency instructions, 0 agreed home sales and 0 property price reductions.

5-Year Average Property Prices in TA23 (Watchet)

22.25%

Property prices in TA23 (Watchet) increased by 22.25% 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 TA23 (Watchet) Over the Last Year

3.44%

Property prices in TA23 (Watchet) increased by 3.44% 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.

Property Market Heat Gauge for TA23 (Watchet) - February 2025

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 TA23 (Watchet)

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 TA23 (Watchet)

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 TA23 (Watchet)

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 TA23 (Watchet) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the TA23 postcode area since 1995.

Recent Sales in TA23 (Watchet)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
29 Causeway Terrace, Watchet, Somerset, TA23 0HP	£235,000	£212,500	-£22,500	11 Sep 2024	20 Dec 2024	100 Days
10 Alamein Avenue, Watchet, Somerset, TA23 0TY	£285,000	£270,000	-£15,000	12 Jun 2024	22 Nov 2024	163 Days
34 Normandy Avenue, Watchet, Somerset, TA23 0TU	£200,000	£190,000	-£10,000	11 Jun 2024	08 Nov 2024	150 Days
11 Admirals Close, Watchet, Somerset, TA23 0QD	£285,000	£250,000	-£35,000	08 Apr 2024	10 Oct 2024	185 Days
Cameron Cottage, Higher Hayne, Roadwater, Watchet, Somerset, TA23 0RN	£565,000	£530,000	-£35,000	17 Jun 2024	30 Sep 2024	105 Days
Eversley, Saxon Ridge, Watchet, Somerset, TA23 0BL	£375,000	£362,500	-£12,500	02 Jan 2024	30 Aug 2024	241 Days
28 Admirals Close, Watchet, Somerset, TA23 0QD	£395,000	£365,000	-£30,000	03 Nov 2023	06 Aug 2024	277 Days
8 Wouldham Road, Watchet, Somerset, TA23 0EG	£245,000	£242,500	-£2,500	11 Apr 2024	06 Aug 2024	117 Days
7 Admirals Close, Watchet, Somerset, TA23 0QD	£335,000	£325,000	-£10,000	27 Oct 2023	01 Aug 2024	279 Days
24 Wyndham Road, Watchet, Somerset, TA23 0EA	£250,000	£247,000	-£3,000	06 Jun 2023	14 Jun 2024	374 Days
22 Normandy Avenue, Watchet, Somerset, TA23 0TU	£299,995	£295,000	-£4,995	06 Mar 2024	31 May 2024	86 Days
1 Rangoon Road, Watchet, Somerset, TA23 0TS	£230,000	£190,000	-£40,000	02 Feb 2023	16 Feb 2024	379 Days
2 Castle Mead, Washford, Watchet, Somerset, TA23 0PZ	£259,995	£250,000	-£9,995	13 Jul 2023	19 Oct 2023	98 Days
53 Brendon Road, Watchet, Somerset, TA23 0AU	£375,000	£365,000	-£10,000	03 Jul 2023	19 Oct 2023	108 Days
22 Gladstone Terrace, Watchet, Somerset, TA23 0DP	£260,000	£255,000	-£5,000	30 Jun 2023	22 Sep 2023	84 Days
20 Liddymore Road, Watchet, Somerset, TA23 0DT	£260,000	£260,000	£0	24 Jan 2023	16 Aug 2023	204 Days
25 Flowerdale Road, Watchet, Somerset, TA23 0DX	£310,000	£285,000	-£25,000	06 Mar 2023	16 Aug 2023	163 Days
4 Quarry Road, Washford, Watchet, Somerset, TA23 0NR	£325,000	£300,000	-£25,000	13 Sep 2022	12 May 2023	241 Days
11 Flowerdale Road, Watchet, Somerset, TA23 0DX	£225,000	£215,000	-£10,000	13 Dec 2022	17 Apr 2023	125 Days
13 Rangoon Road, Watchet, Somerset, TA23 0TS	£425,000	£425,000	£0	15 Aug 2022	10 Mar 2023	207 Days

Most Expensive Streets in TA23 (Watchet)

Postcode	Street	Area	Average	No. of Sales
TA23 0HZ	Five Bells	Watchet	£496,632	7
TA23 0SL	Luxborough	Watchet	£495,833	3
TA23 0FG	Stoates Mill	Watchet	£433,057	15
TA23 0UB	Cherry Tree Way	Watchet	£423,333	3
TA23 0NY	Huish Barns, Washford	Watchet	£420,833	3
TA23 0SH	Luxborough	Watchet	£390,333	3
TA23 0HY	Five Bells	Watchet	£389,497	3
TA23 0LA	Torre, Washford	Watchet	£387,740	5
TA23 0SJ	Pooltown, Luxborough	Watchet	£358,333	3
TA23 0AX	Brendon Road	Watchet	£322,916	6

Least Expensive Streets in TA23 (Watchet)

Postcode	Street	Area	Average	No. of Sales
TA23 0UE	Kingsland	Watchet	£127,125	4
TA23 0AD	Swain Street	Watchet	£146,950	4
TA23 0JQ	Churchill Way	Watchet	£168,416	6
TA23 0FD	Lorna Doone, West Street, Watchet	Watchet	£170,309	16
TA23 0HE	South Road	Watchet	£177,500	4
TA23 0HP	Causeway Terrace	Watchet	£179,250	8
TA23 0BX	St Decumans Apartments, St Decumans Road	Watchet	£185,000	3
TA23 0PD	Mckinley Terrace, Washford	Watchet	£188,333	3
TA23 0BG	West Street	Watchet	£194,600	5
TA23 0PF	Verdun Terrace, Washford	Watchet	£195,500	4