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Frome House Prices Frome House Prices

The average house price in Frome is £354,618 using HM Land Registry data.

The average property price increased by £91,072 (31.46%) over the last 5 years and increased by £18,202 (5.02%) over the last 12 months.

Over the last year, there were 325 residential property sales – a decrease of 139 transactions (-42.77%) relative to the previous year. The majority of house sales (74) were in the £260,000 - £340,000 range. Then came properties in the £180,000 - £260,000 range, where 68 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 68 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,921 (-2%).

In April 2024, there were 82 new estate agency instructions, 44 agreed home sales and 39 property price reductions.

Postcodes Covered: BA11

5-Year Average Property Prices in Frome

31.46%

Property prices in Frome increased by 31.46% 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 Frome Over the Last Year

5.02%

Property prices in Frome increased by 5.02% 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 Frome - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 Frome

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 Frome

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 Frome

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 Frome since 1995

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

Recent Property Sales in Frome

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Fairfield Close, Frome, Somerset, BA11 2JF£440,000£410,000-£30,00001 Aug 202315 Mar 2024227 Days
16 Beaconsfield Way, Frome, Somerset, BA11 2UA£282,500£185,000-£97,50011 Jan 201615 Mar 20242986 Days
21 Aspen Close, Frome, Somerset, BA11 2TZ£249,500£240,000-£9,50001 Sep 202313 Mar 2024194 Days
7 Marston Close, Frome, Somerset, BA11 4DX£182,000£175,000-£7,00013 Jul 202304 Mar 2024235 Days
3 Singers Court, Frome, Somerset, BA11 3HZ£240,000£235,000-£5,00030 Sep 202301 Mar 2024153 Days
22 Green Lane, Frome, Somerset, BA11 4JY£385,000£377,500-£7,50015 Sep 202328 Feb 2024166 Days
17 Newington Close, Frome, Somerset, BA11 1HW£315,000£300,000-£15,00015 Jul 202327 Feb 2024227 Days
28 Horton Street, Frome, Somerset, BA11 3DP£365,000£355,000-£10,00013 Sep 202326 Feb 2024166 Days
5 Champneys Road, Frome, Somerset, BA11 2JG£400,000£390,000-£10,00028 Sep 202316 Feb 2024141 Days
8 Birch Walk, Frome, Somerset, BA11 2SW£400,000£400,000£0001 Jul 202316 Feb 2024230 Days
33 Spring Road, Frome, Somerset, BA11 2JW£1,100,000£1,030,000-£70,00004 Jul 202309 Feb 2024220 Days
24 Farmhouse Drive, Frome, Somerset, BA11 2SS£360,000£340,000-£20,00024 Nov 202306 Feb 202474 Days
10 Alder Walk, Frome, Somerset, BA11 2SN£400,000£395,000-£5,00010 Oct 202302 Feb 2024115 Days
75 Nightingale Avenue, Frome, Somerset, BA11 2UW£245,000£238,000-£7,00016 Sep 202329 Jan 2024135 Days
21 Portway, Frome, Somerset, BA11 1QT£440,000£440,000£0006 Oct 202323 Jan 2024109 Days
29 Catherine Street, Frome, Somerset, BA11 1DB£850,000£835,000-£15,00004 Sep 202319 Jan 2024137 Days
45 Catherine Street, Frome, Somerset, BA11 1DA£595,000£580,000-£15,00007 Jul 202305 Jan 2024182 Days
7 Meadow Road, Frome, Somerset, BA11 2JE£475,000£460,000-£15,00023 Aug 202319 Dec 2023118 Days
39 The Butts, Frome, Somerset, BA11 4AB£650,000£611,250-£38,75003 Aug 202313 Dec 2023132 Days
12 Portway, Frome, Somerset, BA11 1QP£425,000£175,000-£250,00025 May 201812 Dec 20232027 Days

Most Expensive Streets in Frome

PostcodeStreetAreaAverageNo. of Sales
BA11 1PUVicarage StreetFrome£1,536,6663
BA11 2HJBath RoadFrome£875,6663
BA11 4LENunney RoadFrome£847,5004
BA11 2JXLeys LaneFrome£805,0003
BA11 2LNInnox HillFrome£757,5008
BA11 4ASLower KeyfordFrome£702,7005
BA11 1HHWeymouth RoadFrome£702,2504
BA11 2EEBerkley RoadFrome£668,7504
BA11 3ETRobins LaneFrome£656,6663
BA11 5LBHazel CourtRodden£633,0003

Least Expensive Streets in Frome

PostcodeStreetAreaAverageNo. of Sales
BA11 4LTPortland PlaceFrome£92,1717
BA11 4BJMalthouse CourtFrome£100,6244
BA11 3BJVallis WayFrome£113,0005
BA11 3EXLansdown MewsFrome£126,6663
BA11 1RJWallbridge GardensFrome£130,1663
BA11 1EDLongleat CourtPark Road£130,23821
BA11 1JDKnights CourtKeyford£138,0005
BA11 3FDPaniccia CourtNaishs Street, Frome£143,6005
BA11 1QPPortwayFrome£162,54112
BA11 1FDSelwood CourtKeyford£163,4374

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