House prices in Somerset West and Taunton have gone up by an average of over £5,000 in the month of August, according to figures from the Land Registry.

The latest data from the government department reveals that in August 2022 average house prices in Somerset West and Taunton reached £306,239.

This was up from £301,009 in July, representing over a 1.7 per cent increase. In the last 12 months it has risen by 16.9 per cent.

If you are interested in buying or renting a home, you can see the latest properties in and around Somerset West and Taunton here.

How much have house prices increased in Somerset West and Taunton?

Breaking it down for specific types of housing, all prices saw an increase.

  • Detached houses - Up to £482,477 from £473,883 in July
  • Semi-detached houses - Up to £313,222 from £308,085 in July
  • Terraced houses - Up to £247,890 from £243,493 in July
  • Flats - Up to £157,322 from £155,035 in July

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How do Somerset West and Taunton house prices compare to the UK average?

Even when comparing Somerset West and Taunton to the picture across the UK, the area is slightly above the UK average with a typical property value in the nations reaching £295,903 in August.

In cash terms, the average house price in August was £35,473 higher than a year earlier with house price growth accelerating to 13.6 per cent in August 2022.  Prices were up by 0.9 per cent month on month.

How much could your house be worth?

We have created this map for the South West so you can see the average house price in each neighbourhood since 1995.

Sites like Zoopla can offer an estimate valuation of your house if you input your postcode into their website here.

The above map can demonstrate which areas of Somerset West and Taunton are the most expensive for average house prices.