House prices continue to grow in North Somerset

PUBLISHED: 07:58 28 November 2019

Pricing your home realistically will give you a better chance of selling.

Pricing your home realistically will give you a better chance of selling.

© I-Wei Huang, All Rights Reserved

House prices in North Somerset are continuing to rise, despite a slight slump in the UK average this autumn.

The average price of a home in the district has climbed to £274,732, according to the Land Registry's latest figures for September.

It represents an increase of 2.4 per cent since August, compared with a 0.2 per cent drop in the nationwide average.

Over the past year, the average sale price of property in North Somerset rose by about £7,600 - putting the area seventh among the South West's 36 local authorities for annual growth.

The biggest rise in the region was in South Hams - near Plymouth and Torquay - where properties increased on average by nine per cent, to £330,000.

At the other end of the scale, properties in West Somerset dropped 4.8 per cent in value, giving an average price of £221,000.

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