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16 Union Street is a residential building situated on Union Street, Wells, BA5 with 2 addresses.
It ranks as the 37th largest and 369th most expensive of the 458 buildings in the BA5 area. The dominant property type is a period house built between 1800 and 1911.
The building contains a total of 2 properties: 2 flats.
16 Union Street is a residential building situated on Union Street, Wells, BA5 with 2 addresses.
It ranks as the 37th largest and 369th most expensive of the 458 buildings in the BA5 area. The dominant property type is a period house built between 1800 and 1911.
The building contains a total of 2 properties: 2 flats.
Sale prices range from £220,110 for 3 bedroom leasehold flats (1,011 ft2) to £383,377 for 3 bedroom freehold houses with a garden (721 ft2) .
Monthly rental prices range from £958 pcm for 3 bed flats to £1,079 pcm for 3 bed houses.
The gross rental yield is between 3.4% and 5.2%.
The average value per square foot is £375.
The last sale in 16 Union Street sold for £170,000 on 13th October 2004. Since then prices are down an average of 0.0%.
The current average value in the building is £301,743.
The 16 Union Street Sales Market has increased by 25.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1.8% | £301,743 |
| May 2025 | 1.8% | £307,209 |
| May 2024 | -2.8% | £301,697 |
| May 2023 | 4.2% | £310,401 |
| May 2022 | 13.6% | £297,903 |
| May 2021 | 2% | £262,236 |
| May 2020 | 2.8% | £257,110 |
| May 2019 | -1.2% | £250,023 |
| May 2018 | 2.9% | £253,033 |
| May 2017 | 2.6% | £245,819 |
| May 2016 | 7.7% | £239,632 |
| May 2015 | 4.1% | £222,479 |
| May 2014 | 6.7% | £213,623 |
| May 2013 | 3.4% | £200,196 |
| May 2012 | -2.7% | £193,646 |
| May 2011 | -0.9% | £199,109 |
| May 2010 | -0.2% | £200,901 |
| May 2009 | -7.2% | £201,316 |
| May 2008 | 2.2% | £216,821 |
| May 2007 | 0% | £212,060 |
The current average rental value in the building is £1,018.
The 16 Union Street Rental Market has increased by 52.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.1% | £1,018pcm |
| May 2025 | 5.5% | £988pcm |
| May 2024 | 5.6% | £936pcm |
| May 2023 | 6.3% | £887pcm |
| May 2022 | 8% | £834pcm |
| May 2021 | 8.2% | £773pcm |
| May 2020 | 0.9% | £714pcm |
| May 2019 | 0.9% | £708pcm |
| May 2018 | 1.5% | £702pcm |
| May 2017 | 3.6% | £691pcm |
| May 2016 | 4.3% | £667pcm |
| May 2015 | 1.4% | £640pcm |
| May 2014 | 2.5% | £631pcm |
| May 2013 | -0.2% | £616pcm |
| May 2012 | 0.7% | £617pcm |
| May 2011 | 1.4% | £612pcm |
| May 2010 | 3.3% | £604pcm |
| May 2009 | -7.3% | £585pcm |
| May 2008 | 4.5% | £631pcm |
| May 2007 | 0% | £603pcm |
The last sale was on 13th October 2004 for £170,000 and since then the market in the area has remained stable. The building has had a total of 2 sales since 1995.
16, Union Street, Wells, BA5 2PU has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 16, Union Street, Wells, BA5 2PU is Castle Cary station which is 15.0 kilometres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Union Street, Wells, BA5 2PU, 42.4% of property is privately rented and 35.2% is privately owned outright.
The graph below shows how this compares to South West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 16, Union Street, Wells, BA5 2PU, 8.6% of residents are recorded as possessing school level qualifications and 41.2% as possessing degree level qualifications.
The graph below shows how this compares to South West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 16, Union Street, Wells, BA5 2PU, the average age was 48.2 and the most common age was 72.
The graph below shows how this compares to South West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 16, Union Street, Wells, BA5 2PU, 0.8% of property was a second home.
Comparison figures for South West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 16, Union Street, Wells, BA5 2PU, there are an average of 0.8 cars per household.
See below for how this compares to South West and the rest of England & Wales.