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Axminster House Prices Axminster House Prices

The average house price in Axminster is £262,571 using HM Land Registry data.

The average property price increased by £32,819 (14.43%) over the last 5 years and increased by £6,560 (2.58%) over the last 12 months.

Over the last year, there were 93 residential property sales – a decrease of 48 transactions (-51.61%) relative to the previous year. The majority of house sales (22) were in the £216,000 - £274,000 range. Then came properties in the £274,000 - £332,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 103 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,688 (-1%).

In April 2024, there were 20 new estate agency instructions, 14 agreed home sales and 15 property price reductions.

Postcodes Covered: EX13

5-Year Average Property Prices in Axminster

14.43%

Property prices in Axminster increased by 14.43% 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 Axminster Over the Last Year

2.58%

Property prices in Axminster increased by 2.58% 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.

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).

Property Market Heat Gauge for Axminster - April 2024

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 Axminster

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 Axminster

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 Axminster

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 Axminster since 1995

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

Recent Property Sales in Axminster

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Flat 15, Mellowes Court, West Street, Axminster, Devon, EX13 5NE£125,000£110,000-£15,00019 Apr 202308 Mar 2024324 Days
17 Lea Combe, Axminster, Devon, EX13 5LJ£250,000£232,000-£18,00003 Jul 202323 Feb 2024235 Days
52 The Cricketers, Axminster, Devon, EX13 5RQ£175,000£165,000-£10,00029 Aug 202316 Feb 2024171 Days
Paramount, Musbury Road, Axminster, Devon, EX13 5JH£305,000£300,000-£5,00008 Nov 202312 Feb 202496 Days
12 West Close, Axminster, Devon, EX13 5PE£295,000£292,500-£2,50027 Sep 202323 Jan 2024118 Days
2 Millbrook Dale, Axminster, Devon, EX13 5EF£495,000£485,000-£10,00011 Apr 202316 Jan 2024280 Days
6 Phillips Court, Axminster, Devon, EX13 5QJ£285,000£264,250-£20,75014 Nov 202204 Jan 2024416 Days
7a, Purzebrook Close, Axminster, Devon, EX13 5LL£139,950£135,000-£4,95016 Oct 201708 Dec 20232244 Days
9 Latches Walk, Axminster, Devon, EX13 5DQ£470,000£470,000£0007 Sep 202308 Dec 202392 Days
37 Woodbury Way, Axminster, Devon, EX13 5RE£325,000£325,000£0018 Jul 202306 Dec 2023141 Days
2 Castle Hill, Axminster, Devon, EX13 5PY£225,000£200,000-£25,00009 Nov 202230 Nov 2023386 Days
1 Silver Street, Axminster, Devon, EX13 5AH£195,000£178,000-£17,00030 May 202303 Nov 2023157 Days
10 Cunningham Avenue, Axminster, Devon, EX13 5HE£235,000£230,000-£5,00015 Feb 202330 Oct 2023257 Days
4 Mitchell Gardens, Axminster, Devon, EX13 5FG£189,950£189,950£0030 Oct 201727 Oct 20232188 Days
24 Abbey Close, Axminster, Devon, EX13 5QU£350,000£350,000£0015 Mar 202326 Oct 2023225 Days
13 Loretto Road, Axminster, Devon, EX13 5BX£295,000£275,000-£20,00017 May 202319 Oct 2023155 Days
14 Dukes Way, Axminster, Devon, EX13 5QP£345,000£345,000£0014 Jun 202312 Oct 2023120 Days
32 Abbey Close, Axminster, Devon, EX13 5QU£430,000£415,000-£15,00017 May 202312 Oct 2023148 Days
24 Woodbury Park, Axminster, Devon, EX13 5QZ£320,000£320,000£0006 Jul 202329 Sep 202385 Days
12 Salway Gardens, Axminster, Devon, EX13 5DA£265,000£262,500-£2,50030 May 202327 Sep 2023120 Days

Most Expensive Streets in Axminster

PostcodeStreetAreaAverageNo. of Sales
EX13 5AZLyme RoadAxminster£561,6663
EX13 5EDChard RoadAxminster£496,3758
EX13 5DXHilary GardensAxminster£441,8333
EX13 5JXHorslearsAxminster£435,0003
EX13 5DHBroome CloseAxminster£415,0083
EX13 5RWWillhay LaneAxminster£408,3333
EX13 5EQBeavor LaneAxminster£389,2777
EX13 5DQLatches WalkAxminster£388,1666
EX13 5BWSt Marys CloseAxminster£387,4068
EX13 5BZLoretto GardensAxminster£376,6663

Least Expensive Streets in Axminster

PostcodeStreetAreaAverageNo. of Sales
EX13 5XSValley ViewAxminster£80,7779
EX13 5DLSt GeorgesAxminster£93,2005
EX13 5PLMinster CourtWest Street, Axminster£102,36717
EX13 5NEMellowes CourtWest Street, Axminster£120,6254
EX13 5NGShand ParkAxminster£139,5624
EX13 5AQChurch StreetAxminster£143,6254
EX13 5NPThe Old BakeryAxminster£150,4586
EX13 5JAKirby CloseAxminster£154,2506
EX13 5QSNorth StreetAxminster£154,3005
EX13 5RQThe CricketersAxminster£155,1005

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