House prices in South Somerset have gone up by an average of over £2,000 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 South Somerset reached £290,904.

This was up from £288,650 in July, representing a 0.8 per cent increase. In the last 12 months it has risen by 12.0 per cent.

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

How much have house prices increased in South Somerset?

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

  • Detached houses - Up to £448,335 from £444,568 in July
  • Semi-detached houses - Up to £280,739 from £278,725 in July
  • Terraced houses - Up to £230,787 from £228,905 in July
  • Flats - Up to £136,877 from £136,257 in July

Chard & Ilminster News: What%are%the%latest%house%prices%in%South Somerset%? (PA)What%are%the%latest%house%prices%in%South Somerset%? (PA)

How do South Somerset house prices compare to the UK average?

Despite the rise in prices this month, South Somerset is still slightly below the UK average with 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 South Somerset are the most expensive for average house prices.