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Minehead House Prices Minehead House Prices

The average house price in Minehead is £244,586 using HM Land Registry data.

The average property price increased by £56,010 (22.88%) over the last 5 years and increased by £11,194 (3.87%) over the last 12 months.

Over the last year, there were 153 residential property sales – a decrease of 95 transactions (-62.09%) relative to the previous year. The majority of house sales (40) were in the £194,000 - £268,000 range. Then came properties in the £268,000 - £342,000 range, where 27 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 £-13,186 (-3%).

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

Postcodes Covered: TA24

5-Year Average Property Prices in Minehead

22.88%

Property prices in Minehead increased by 22.88% 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 Minehead Over the Last Year

3.87%

Property prices in Minehead increased by 3.87% 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 Minehead - 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 Minehead

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 Minehead

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 Minehead

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 Minehead since 1995

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

Recent Property Sales in Minehead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Hillside, Woodcombe Lane, Woodcombe, Minehead, Somerset, TA24 8SA£375,000£358,000-£17,00019 Jul 202306 Mar 2024231 Days
5 Lapwing Close, Minehead, Somerset, TA24 6UP£225,000£205,000-£20,00017 Jul 202324 Jan 2024191 Days
1 Richmond Close, Minehead, Somerset, TA24 5HT£350,000£330,000-£20,00030 Oct 202317 Jan 202479 Days
Flat 33, Hanover Court, North Road, Minehead, Somerset, TA24 5QY£115,000£115,000£0031 Aug 202310 Jan 2024132 Days
20 Regents Way, Minehead, Somerset, TA24 5HW£330,000£310,000-£20,00013 Jul 202313 Dec 2023153 Days
37 Lime Close, Minehead, Somerset, TA24 8ER£220,000£215,000-£5,00007 Aug 202312 Dec 2023127 Days
Flat 10, The Hopcott, Hopcott Road, Minehead, Somerset, TA24 5SZ£130,000£122,000-£8,00021 Aug 202301 Dec 2023102 Days
Sunnycott, Warden Road, Minehead, Somerset, TA24 5DS£400,000£385,000-£15,00016 Aug 202328 Nov 2023104 Days
4 Millbridge Gardens, Minehead, Somerset, TA24 5XA£275,000£275,000£0004 Jul 202320 Nov 2023139 Days
27 Alexandra Gardens, Minehead, Somerset, TA24 5LD£425,000£425,000£0013 Jun 202316 Nov 2023156 Days
75 Bampton Street, Minehead, Somerset, TA24 5TX£215,000£204,000-£11,00021 Oct 202313 Nov 202323 Days
9 The Cedars, Minehead, Somerset, TA24 5PE£475,000£475,000£0012 Jun 202327 Oct 2023137 Days
Newlands, The Ball, Minehead, Somerset, TA24 5JJ£585,000£575,000-£10,00008 May 202327 Oct 2023172 Days
The Tallet, Church Street, Minehead, Somerset, TA24 5JX£575,000£520,000-£55,00003 May 202326 Oct 2023176 Days
70 Regents Way, Minehead, Somerset, TA24 5HS£315,000£307,000-£8,00012 May 202320 Oct 2023161 Days
Flat 26, Hanover Court, North Road, Minehead, Somerset, TA24 5QY£87,000£85,000-£2,00008 Feb 202320 Oct 2023254 Days
41 Periton Lane, Minehead, Somerset, TA24 8AQ£365,000£350,000-£15,00011 May 202316 Oct 2023158 Days
Lindore, Whitecross Way, Minehead, Somerset, TA24 8BY£350,000£340,000-£10,00004 Apr 202311 Oct 2023190 Days
8 The Shires, Minehead, Somerset, TA24 6TN£490,000£475,000-£15,00013 May 202310 Oct 2023150 Days
7 North Road, Minehead, Somerset, TA24 5QW£239,950£230,000-£9,95016 Jun 202309 Oct 2023115 Days

Most Expensive Streets in Minehead

PostcodeStreetAreaAverageNo. of Sales
TA24 5JJThe BallMinehead£547,6505
TA24 6TREllicombeMinehead£547,5003
TA24 5JLBallfield RoadMinehead£538,1663
TA24 5SPWhitegate RoadMinehead£536,6663
TA24 8SAWoodcombeMinehead£516,6005
TA24 5QHNorthfield RoadMinehead£507,6005
TA24 8BTThe ParksMinehead£487,2504
TA24 8AXLower ParkMinehead£454,9166
TA24 8ADParkhouse RoadMinehead£446,6666
TA24 8RYPorlock RoadWoodcombe£439,0006

Least Expensive Streets in Minehead

PostcodeStreetAreaAverageNo. of Sales
TA24 5BAWalton CourtMinehead£79,3333
TA24 5NWParade NurseriesMarket House Lane£86,8256
TA24 5QYHanover CourtNorth Road£92,86311
TA24 5NEStone Mill CourtPark Terrace£97,3333
TA24 5NPHolloway StreetMinehead£114,8333
TA24 5DAPeerage CourtVennland Way£117,14717
TA24 5PLCarlton CourtBlenheim Road£132,29615
TA24 5JBBroadleasKing Edward Road£136,5663
TA24 5HPBernard CrescentMinehead£137,70812
TA24 5PZBlenheim RoadMinehead£138,1188

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