Property Data OutlookSomerset
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for Somerset
Key indicators for buyers
The Somerset market is moderately favourable for buyers. Affordability has improved from a peak of 9.4x in 2022 to 8.0x today. Rising rents (£975/mo, +2.3%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Somerset costs 8.0x the local median salary — stretched, improving from a peak of 9.4x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Somerset is £975, up 2.3% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Somerset price of £281,311 with a 25% deposit (£70k), a 2-year fixed mortgage at 3.97% costs around £1,110 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£1,110) are £135 more than renting (£975). However, buying requires an upfront deposit of £70k — it would take around 11 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
FLAT 2, 24, THE PARKS TA24 8BT | Flat/Maisonette | £85,000 | 28 Jan 2026 |
32, GREENWAY AVENUE TA2 6HY | Terraced | £243,300 | 28 Jan 2026 |
5, WOULDHAM ROAD TA23 0EQ | Detached | £195,000 | 27 Jan 2026 |
6, FONT LANE, WEST COKER BA22 9BR | Detached | £450,000 | 27 Jan 2026 |
44, ASHCOTT DRIVE TA8 1HT | Semi-detached | £290,000 | 26 Jan 2026 |
20, MULBERRY COURT BA11 2UF | Semi-detached | £240,000 | 26 Jan 2026 |
9, GREENWAY TA23 0BP | Terraced |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.