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Parsons Way is a residential street with 77 addresses.
It ranks as the 914th largest and 81st most expensive of the 946 streets in the BA5 area. The dominant property type is a modern house built after 1980.
The street contains a total of 77 properties: 64 houses and 13 flats.
Parsons Way is a residential street with 77 addresses.
It ranks as the 914th largest and 81st most expensive of the 946 streets in the BA5 area. The dominant property type is a modern house built after 1980.
The street contains a total of 77 properties: 64 houses and 13 flats.
Sale prices range from £129,941 for 2 bedroom Leasehold flats (589 ft2) to £305,958 for 3 bedroom freehold houses with a garden (1,151 ft2) .
Monthly rental prices range from £741 pcm for 2 bed flats to £1,353 pcm for 3 bed houses.
The gross rental yield is between 5.3% and 6.8%.
The average value per square foot is £326.
The last sale on Parsons Way sold for £310,000 on 27th February 2026. Since then prices are down an average of 0.4%.
The current average value in the street is £212,955.
The Parsons Way Sales Market has increased by 31.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1% | £212,955 |
| May 2025 | 2.8% | £215,015 |
| May 2024 | -3.5% | £209,139 |
| May 2023 | 4.2% | £216,676 |
| May 2022 | 14.6% | £207,857 |
| May 2021 | 2.5% | £181,352 |
| May 2020 | 3.1% | £176,908 |
| May 2019 | -1.1% | £171,524 |
| May 2018 | 3.4% | £173,486 |
| May 2017 | 3.6% | £167,782 |
| May 2016 | 7.7% | £161,914 |
| May 2015 | 4.5% | £150,406 |
| May 2014 | 6.3% | £143,960 |
| May 2013 | 3.6% | £135,436 |
| May 2012 | -3.2% | £130,715 |
| May 2011 | -1.1% | £134,984 |
| May 2010 | -1.2% | £136,432 |
| May 2009 | -7.9% | £138,102 |
| May 2008 | 1.5% | £149,894 |
| May 2007 | 0% | £147,700 |
The current average rental value in the street is £1,046.
The Parsons Way Rental Market has increased by 59.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4% | £1,046pcm |
| May 2025 | 6.4% | £1,006pcm |
| May 2024 | 5% | £945pcm |
| May 2023 | 6.4% | £900pcm |
| May 2022 | 9.1% | £846pcm |
| May 2021 | 8.5% | £775pcm |
| May 2020 | 1.3% | £715pcm |
| May 2019 | 1% | £705pcm |
| May 2018 | 2% | £698pcm |
| May 2017 | 4.4% | £685pcm |
| May 2016 | 4.3% | £656pcm |
| May 2015 | 1.7% | £629pcm |
| May 2014 | 2.1% | £618pcm |
| May 2013 | 0.3% | £606pcm |
| May 2012 | 0.2% | £604pcm |
| May 2011 | 1.2% | £603pcm |
| May 2010 | 2% | £596pcm |
| May 2009 | -7.9% | £584pcm |
| May 2008 | 3.9% | £634pcm |
| May 2007 | 0% | £610pcm |
The last sale was on 27th February 2026 for £310,000 and since then the market in the area has decreased by 0.4%. The street has had a total of 65 sales since 1995.
Parsons Way, Wells, BA5 has seen 7 sales in the last three years and 4 sales in the last twelve months.
Parsons Way, Wells, BA5 is the 914th largest and the 81st most expensive street in the BA5 area.
There are 5 postcodes on Parsons Way, Wells, BA5.
The closest station to Parsons Way, Wells, BA5 is Castle Cary station which is 15.7 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 Parsons Way, Wells, BA5, 46.3% of property is socially rented and 28.5% 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 Parsons Way, Wells, BA5, 12.7% of residents are recorded as possessing school level qualifications and 20.8% 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 Parsons Way, Wells, BA5, 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 Parsons Way, Wells, BA5, 0.0% 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 Parsons Way, Wells, BA5, there are an average of 0.9 cars per household.
See below for how this compares to South West and the rest of England & Wales.