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Wellington House Prices Wellington House Prices

The average house price in Wellington is £284,708 using HM Land Registry data.

The average property price increased by £81,824 (36.8%) over the last 5 years and increased by £16,353 (5.68%) over the last 12 months.

Over the last year, there were 191 residential property sales – a decrease of 69 transactions (-36.13%) relative to the previous year. The majority of house sales (46) were in the £192,000 - £254,000 range. Then came properties in the £254,000 - £316,000 range, where 41 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 £-12,189 (-3%).

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

Postcodes Covered: TA21

5-Year Average Property Prices in Wellington

36.8%

Property prices in Wellington increased by 36.8% 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 Wellington Over the Last Year

5.68%

Property prices in Wellington increased by 5.68% 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 Wellington - 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 Wellington

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 Wellington

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 Wellington

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 Wellington since 1995

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

Recent Property Sales in Wellington

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Birch Road, Wellington, Somerset, TA21 8EP£265,000£245,000-£20,00026 Aug 202301 Mar 2024188 Days
89 Buckwell, Wellington, Somerset, TA21 8TE£150,000£145,000-£5,00029 Apr 202301 Mar 2024307 Days
10 The Paddocks, Wellington, Somerset, TA21 8EZ£250,000£245,000-£5,00018 Sep 202322 Feb 2024157 Days
94 Sylvan Road, Wellington, Somerset, TA21 8EH£250,000£240,000-£10,00013 Sep 202322 Feb 2024162 Days
Flat 4, The Mansion House, Courtland Road, Wellington, Somerset, TA21 8NE£135,000£130,000-£5,00024 Oct 202325 Jan 202493 Days
Rosslyn, Burgage, Wellington, Somerset, TA21 8NB£395,000£355,000-£40,00028 Jun 202324 Jan 2024210 Days
4 Drakes Park, Wellington, Somerset, TA21 8TB£290,000£273,000-£17,00007 Jun 202315 Jan 2024222 Days
45 Beech Hill, Wellington, Somerset, TA21 8ES£270,000£260,000-£10,00002 Oct 202312 Jan 2024102 Days
Flat 21, Priory Court, Priory Gardens, Wellington, Somerset, TA21 9HB£120,000£120,000£0007 Jun 202319 Dec 2023195 Days
6 Wellesley Park, Wellington, Somerset, TA21 8PY£585,000£570,000-£15,00020 Apr 202311 Dec 2023235 Days
27 Gay Close, Wellington, Somerset, TA21 9EZ£200,000£180,000-£20,00018 Apr 202308 Dec 2023234 Days
78 Richards Close, Wellington, Somerset, TA21 0BE£284,000£275,000-£9,00001 Aug 202308 Dec 2023129 Days
10 Howard Road, Wellington, Somerset, TA21 8RU£260,000£250,000-£10,00030 Jun 202301 Dec 2023154 Days
2a, Pyles Thorne Road, Wellington, Somerset, TA21 8DX£660,000£650,000-£10,00031 Jul 202330 Nov 2023122 Days
10 Blackmoor Road, Wellington, Somerset, TA21 8ED£365,000£365,000£0010 Aug 202328 Nov 2023110 Days
67 Oakfield Park, Wellington, Somerset, TA21 8EY£420,000£405,000-£15,00031 Jul 202328 Nov 2023120 Days
8 Bluett Road, Wellington, Somerset, TA21 9AU£355,000£352,000-£3,00029 Jul 202328 Nov 2023122 Days
34 George Street, Wellington, Somerset, TA21 8JA£235,000£230,000-£5,00015 Apr 202328 Nov 2023227 Days
23 Scotts Lane, Wellington, Somerset, TA21 8PL£205,000£197,500-£7,50027 Jul 202324 Nov 2023120 Days
196 Barn Meads Road, Wellington, Somerset, TA21 9AP£285,000£282,000-£3,00015 May 202320 Nov 2023189 Days

Most Expensive Streets in Wellington

PostcodeStreetAreaAverageNo. of Sales
TA21 8PZWellesley ParkWellington£574,1666
TA21 8DXPyles Thorne RoadWellington£559,5836
TA21 8PYWellesley ParkWellington£535,0005
TA21 8JZStation RoadWellington£450,4874
TA21 8NHHigh PathWellington£447,7508
TA21 8JQWaterloo RoadWellington£410,7504
TA21 8EFPyles Thorne CloseWellington£410,2506
TA21 8EBOldway ParkWellington£396,2504
TA21 9RDCox RoadWellington£395,5003
TA21 8EXOakfield ParkWellington£390,8333

Least Expensive Streets in Wellington

PostcodeStreetAreaAverageNo. of Sales
TA21 8LTNorth StreetWellington£89,41318
TA21 9HBPriory CourtPriory Gardens£97,47912
TA21 8QTHigh StreetWellington£100,3754
TA21 0BBWardleworth WayWellington£111,88914
TA21 8RDHigh StreetWellington£119,0287
TA21 8BATrinity RowWellington£124,1663
TA21 8NEThe Mansion HouseCourtland Road£125,8333
TA21 9EULillebonne CloseWellington£139,3333
TA21 8BDMantle StreetWellington£142,7005
TA21 0DQWeare HouseThomas Fox Road£151,8754

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