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Watchet House Prices Watchet House Prices

The average house price in Watchet is £205,000 using HM Land Registry data.

The average property price increased by £80,667 (37.88%) over the last 5 years and increased by £16,122 (5.81%) over the last 12 months.

Over the last year, there were 35 residential property sales – a decrease of 33 transactions (-94.29%) relative to the previous year. The majority of house sales (11) were in the £250,000 - £300,000 range. Then came properties in the £200,000 - £250,000 range, where 8 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 £-10,000 (-4%).

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

Postcodes Covered: TA23

5-Year Average Property Prices in Watchet

37.88%

Property prices in Watchet increased by 37.88% 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 Watchet Over the Last Year

5.81%

Property prices in Watchet increased by 5.81% 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 Watchet - 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 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 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 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 Watchet since 1995

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

Recent Property Sales in Watchet

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Gladstone Terrace, Watchet, Somerset, TA23 0DP£260,000£255,000-£5,00030 Jun 202322 Sep 202384 Days
20 Liddymore Road, Watchet, Somerset, TA23 0DT£260,000£260,000£0024 Jan 202316 Aug 2023204 Days
25 Flowerdale Road, Watchet, Somerset, TA23 0DX£310,000£285,000-£25,00006 Mar 202316 Aug 2023163 Days
11 Flowerdale Road, Watchet, Somerset, TA23 0DX£225,000£215,000-£10,00013 Dec 202217 Apr 2023125 Days
46 Liddymore Road, Watchet, Somerset, TA23 0DT£315,000£295,000-£20,00010 Nov 202215 Feb 202397 Days
3 The Rope Walk, Watchet, Somerset, TA23 0ET£275,000£255,000-£20,00007 Jul 202208 Dec 2022154 Days
29 West Street, Watchet, Somerset, TA23 0BQ£179,950£172,000-£7,95025 Jul 202216 Nov 2022114 Days
73 West Street, Watchet, Somerset, TA23 0BH£325,000£320,000-£5,00007 Jul 202226 Oct 2022111 Days
18 St Decumans Road, Watchet, Somerset, TA23 0AT£425,000£422,000-£3,00021 Feb 202207 Oct 2022228 Days
11 Cherry Tree Way, Watchet, Somerset, TA23 0UB£450,000£450,000£0006 Jan 202205 May 2022119 Days
15 Liddymore Road, Watchet, Somerset, TA23 0DR£245,000£245,000£0026 Nov 202129 Apr 2022154 Days
6 Gladstone Terrace, Watchet, Somerset, TA23 0DP£205,000£205,000£0012 Oct 202122 Dec 202171 Days
3 West Street, Watchet, Somerset, TA23 0BG£170,000£168,000-£2,00015 Jul 202117 Dec 2021155 Days
9 Market Street, Watchet, Somerset, TA23 0AN£275,000£260,000-£15,00028 Dec 202030 Sep 2021276 Days
40 Reed Close, Watchet, Somerset, TA23 0EF£220,000£219,000-£1,00007 Apr 202114 Sep 2021160 Days
8 Mariners Way, Watchet, Somerset, TA23 0EZ£249,950£249,000-£95029 Mar 202101 Sep 2021156 Days
18b, Wedlakes, Watchet, Somerset, TA23 0JL£129,950£125,000-£4,95012 Feb 202116 Aug 2021185 Days
9 Portland Terrace, Watchet, Somerset, TA23 0DD£199,950£197,500-£2,45025 Jan 202119 Jul 2021175 Days
40 Quantock Road, Watchet, Somerset, TA23 0DY£207,500£187,500-£20,00005 Jan 202129 Jun 2021175 Days
29 Brendon Road, Watchet, Somerset, TA23 0AX£375,000£365,000-£10,00007 Aug 202023 Jun 2021320 Days

Most Expensive Streets in Watchet

PostcodeStreetAreaAverageNo. of Sales
TA23 0HZFive BellsWatchet£496,6327
TA23 0FLSt Decumans HeightsSt Decumans Road£473,3333
TA23 0FGStoates MillWatchet£433,05715
TA23 0UBCherry Tree WayWatchet£408,7504
TA23 0HRSt Decumans RoadWatchet£382,2005
TA23 0AXBrendon RoadWatchet£340,3577
TA23 0QDAdmirals CloseWatchet£317,1666
TA23 0EYBay ViewWatchet£308,3333
TA23 0EZMariners WayWatchet£303,6663
TA23 0FBHelwell StreetWatchet£280,51913

Least Expensive Streets in Watchet

PostcodeStreetAreaAverageNo. of Sales
TA23 0DASouth RoadWatchet£102,7663
TA23 0UEKingslandWatchet£123,5003
TA23 0ADSwain StreetWatchet£146,9504
TA23 0JGCourtlands CloseWatchet£162,0003
TA23 0JQChurchill WayWatchet£162,2147
TA23 0FDLorna DooneWest Street, Watchet£167,66315
TA23 0HPCauseway TerraceWatchet£179,10010
TA23 0BGWest StreetWatchet£187,1666
TA23 0HESouth RoadWatchet£187,5004
TA23 0AHEsplanade LaneWatchet£187,5004

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