Feb 07, 2023 by HM

House prices in Wells (BA5 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Wells (BA5 1).

Price per square metre

Knowing the average house price in Wells is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area
E.g. Flat 26 Homechime, Priory Road, Wells, sold for £110,000 on Oct-2023. Given the internal area of 48 square metres, the price per sqm is £2,291.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 172 sales in Wells (BA5 1) that took place in the last two years.

Distribution of £ per sqm for Wells (BA5 1)
Distribution of £ per sqm house prices in Wells

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Wells (BA5 1). Of the 172 transactions, half were sold for between £3,150 and £4,170 per square metre. Notably, only 25% of properties that sold recently were valued at more than £4,170m2. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'BA5 1' is £3,610. The table below shows how 'BA5 1' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
BA5 1 Wells £3,150m2 £3,610m2 £4,170m2
BA5 3 South Horrington Village £3,350m2 £3,840m2 £4,530m2
BA5 2 Wells £3,120m2 £3,750m2 £4,370m2

Will Wells house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for BA5 1 (Wells). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for BA5 1 and the blue dots are the individual property sales that inform this trend.

Price per square metre in Wells (BA5 1) over time
House price trends for Wells

Hover on any blue dot to see details of specific sales

Disclaimer: The data provided throughout this website about Wells and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Wells data or any other data I am given.

Price map for Wells

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Wells. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

Property price heatmap for Wells
House price heatmap for Wells

Street level data

Street Avg size Avg £/m2 Recent sales
Priory Road, Wells, BA5 1S 57m2 £2,383 23
The Cloisters, Wells, BA5 1S 59m2 £3,236 17
Carlton Court, Wells, BA5 1S 59m2 £3,794 15
Knight Road, Wells, BA5 1F 118m2 £3,380 14
Southover, Wells, BA5 1U 110m2 £2,809 12
Manor Court, Wells, BA5 1E 81m2 £3,032 12
Keward Avenue, Wells, BA5 1T 75m2 £3,797 11
St John Street, Wells, BA5 1S 81m2 £3,687 10

Search for your street here.

Raw data

Our analysis of Wells is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address Paid m2 £/m2
Flat 26 Homechime, Priory Rd, Wells £110,000
48 2,291
46, Bishopslea Close, Wells £360,000
74 4,864
25, The Cloisters, Wells £185,000
89 2,078

See the entire list of all sales in Wells (BA5 1) here.


HouseMetric is a hobby, created out of a desire to see data and analysis not present on any free to use website. It is still a work in progress and I'll add more stuff in the near future.