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Cheddar House Prices Cheddar House Prices

The average house price in Cheddar is £409,416 using HM Land Registry data.

The average property price increased by £121,981 (44.14%) over the last 5 years and increased by £24,379 (6.52%) over the last 12 months.

Over the last year, there were 76 residential property sales – a decrease of 27 transactions (-35.53%) relative to the previous year. The majority of house sales (20) were in the £256,000 - £342,000 range. Then came properties in the £428,000 - £514,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,632 (-1%).

In April 2024, there were 27 new estate agency instructions, 14 agreed home sales and 15 property price reductions.

Postcodes Covered: BS26, BS27

5-Year Average Property Prices in Cheddar

44.14%

Property prices in Cheddar increased by 44.14% 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 Cheddar Over the Last Year

6.52%

Property prices in Cheddar increased by 6.52% 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 Cheddar - 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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 Cheddar

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 Cheddar

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 Cheddar

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 Cheddar since 1995

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

Recent Property Sales in Cheddar

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Apartment 4, Acacia Court, Tweentown, Cheddar, Somerset, BS27 3HY£224,950£146,000-£78,95015 Jan 201522 Feb 20243325 Days
10 Symons Way, Cheddar, Somerset, BS27 3NJ£179,950£173,500-£6,45018 Apr 202316 Feb 2024304 Days
Westmount, The Hayes, Cheddar, Somerset, BS27 3AN£850,000£830,000-£20,00014 Aug 202312 Jan 2024151 Days
Leighton House, Station Road, Cheddar, Somerset, BS27 3AH£525,000£510,000-£15,00027 Jul 202318 Dec 2023144 Days
39 Saxon Way, Cheddar, Somerset, BS27 3GB£475,000£472,000-£3,00022 Sep 202304 Dec 202373 Days
Flat 10, Cheddar Court, Station Road, Cheddar, Somerset, BS27 3DT£97,500£92,500-£5,00031 May 202327 Nov 2023180 Days
4 Glebelands Close, Cheddar, Somerset, BS27 3XP£485,000£465,000-£20,00019 Apr 202324 Nov 2023219 Days
Eveleigh, The Hayes, Cheddar, Somerset, BS27 3HS£450,000£415,000-£35,00015 Aug 202317 Nov 202394 Days
Bracken, Barrows Park, Cheddar, Somerset, BS27 3AZ£750,000£750,000£0019 Jun 202317 Nov 2023151 Days
Lucerne, Upper New Road, Cheddar, Somerset, BS27 3DL£425,000£403,000-£22,00015 Jun 202315 Nov 2023153 Days
Wayside, Birch Hill, Cheddar, Somerset, BS27 3JP£525,000£508,000-£17,00012 Apr 202209 Nov 2023576 Days
Southview Orchard, Hannay Road, Cheddar, Somerset, BS27 3BT£565,000£550,000-£15,00008 Aug 202307 Nov 202391 Days
Lanacre, Millbourne Road, Cheddar, Somerset, BS27 3NP£285,000£285,000£0002 Aug 202327 Oct 202386 Days
1 Purdie Close, Cheddar, Somerset, BS27 3NU£295,000£282,000-£13,00020 Jun 202327 Oct 2023129 Days
11 Kemm Close, Cheddar, Somerset, BS27 3XS£455,000£455,000£0027 Apr 202320 Oct 2023176 Days
Trelliscot, The Hayes, Cheddar, Somerset, BS27 3HP£435,000£432,500-£2,50015 May 202320 Oct 2023158 Days
8 Birch Close, Cheddar, Somerset, BS27 3JS£290,000£284,000-£6,00005 Jul 202312 Sep 202369 Days
Apartment 8, Acacia Court, Tweentown, Cheddar, Somerset, BS27 3HY£219,950£180,000-£39,95015 Jan 201508 Sep 20233158 Days
Hollywood House, Hannay Road, Cheddar, Somerset, BS27 3BT£550,000£550,000£0014 Jun 202301 Sep 202379 Days
6 Glebelands Close, Cheddar, Somerset, BS27 3XP£475,000£475,000£0003 Apr 202315 Aug 2023134 Days

Most Expensive Streets in Cheddar

PostcodeStreetAreaAverageNo. of Sales
BS27 3BYVenns GateCheddar£752,5003
BS27 3BHBarrows CroftCheddar£722,1254
BS27 3DEThe ChestnutsCheddar£626,0003
BS27 3BTHannay RoadCheddar£591,8754
BS27 3ANThe HayesCheddar£570,0004
BS27 3AGStation RoadCheddar£565,0003
BS27 3AZBarrows ParkCheddar£533,7755
BS27 3QWThe BaysCheddar£513,0003
BS27 3DYLower New RoadCheddar£507,2504
BS27 3PNKimberley VillasCheddar£488,0005

Least Expensive Streets in Cheddar

PostcodeStreetAreaAverageNo. of Sales
BS27 3FGHelliers LaneCheddar£91,3333
BS27 3DTCheddar CourtStation Road£108,45926
BS27 3FHHythe WoodCheddar£131,5507
BS27 3NAUnion StreetCheddar£148,5006
BS27 3NJSymons WayCheddar£172,7857
BS27 3DFOld Station CloseCheddar£175,25014
BS27 3DSFiveways CloseCheddar£186,2147
BS27 3PHFelsberg WayCheddar£193,1059
BS27 3PDEdmunds WayCheddar£198,6663
BS27 3EFCheddar FieldsCheddar£214,2504

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