House prices on Penn Place
Median value — November 2026
£491,000
Modelled from 5 properties Stede tracks in Penn Place
Market snapshot
£491,000
Median value
£509,400
Average value
1
Sales in the last 12 months
+2%
Change over the past year
Value over time
- Modelled value
- Projected
Modelled month by month from the UK House Price Index, averaged across every property type Stede tracks here.
View as a table
| Year | Modelled value |
|---|---|
| 2000 | £106,448 |
| 2001 | £123,247 |
| 2002 | £157,667 |
| 2003 | £180,623 |
| 2004 | £208,755 |
| 2005 | £211,178 |
| 2006 | £231,488 |
| 2007 | £246,273 |
| 2008 | £213,618 |
| 2009 | £218,596 |
| 2010 | £223,790 |
| 2011 | £219,009 |
| 2012 | £218,597 |
| 2013 | £225,714 |
| 2014 | £234,614 |
| 2015 | £248,649 |
| 2016 | £262,515 |
| 2017 | £279,650 |
| 2018 | £287,521 |
| 2019 | £288,806 |
| 2020 | £307,577 |
| 2021 | £325,038 |
| 2022 | £364,198 |
| 2023 | £345,628 |
| 2024 | £348,939 |
| 2025 | £349,262 |
| 2026 | £358,000 |
There aren't enough recorded sales on Penn Place alone to model a trend for it, so this line shows Wells instead.
Property types
- Mid-terrace house60%£453,000
- Semi-detached house40%£546,500
Recent sales
- Merchant House, 5, Penn Place, Wells, Somerset, BA5 1DS£500,000 · 2026£550,000
- Gate House, 2, Penn Place, Wells, Mendip, Somerset, BA5 1DS£416,000 · 2017£602,000
- Prospect House, 4, Penn Place, Wells, Mendip, Somerset, BA5 1DS£350,000 · 2010£453,000
- Mews Cottage, 1, Penn Place, Wells, Mendip, Somerset, BA5 1DS£320,000 · 2009£491,000
- Lantern House, 3, Penn Place, Wells, Mendip, Somerset, BA5 1DS£299,950 · 2009£451,000
Addresses in Penn Place
- Gate House, 2, Penn Place, Wells, Mendip, Somerset, BA5 1DS£416,000 · 2017£602,000
- Lantern House, 3, Penn Place, Wells, Mendip, Somerset, BA5 1DS£299,950 · 2009£451,000
- Merchant House, 5, Penn Place, Wells, Somerset, BA5 1DS£500,000 · 2026£550,000
- Mews Cottage, 1, Penn Place, Wells, Mendip, Somerset, BA5 1DS£320,000 · 2009£491,000
- Prospect House, 4, Penn Place, Wells, Mendip, Somerset, BA5 1DS£350,000 · 2010£453,000
About this area
Penn Place, in Wells, is a street. Stede can model 5 properties there, from HM Land Registry Price Paid Data and the UK House Price Index.
As of November 2026, Penn Place has a median estimated value of £491,000 and an average of £509,400.
Modelled values in Penn Place are +2% over the past year and +10% over five years.
The market here is mostly mid-terrace houses, which make up 60% of the properties Stede tracks in Penn Place.
1 sale was recorded in Penn Place over the past 12 months.
Common questions
What is the average house price in Penn Place?
As of November 2026, the average estimated value is £509,400 and the median is £491,000 across 5 properties Stede tracks in Penn Place. This is not a formal market valuation.
Are house prices in Penn Place going up or down?
Modelled values in Penn Place are +2% over the past year and +10% over five years, based on the UK House Price Index.
What types of property are in Penn Place?
60% of the properties Stede tracks in Penn Place are mid-terrace houses. semi-detached houses are next most common, at 40%.
How many properties are in Penn Place?
Stede can model 5 properties in Penn Place, with 1 recorded sale in the past 12 months.
How does Stede calculate house prices for Penn Place?
These figures are modelled from HM Land Registry Price Paid Data and the UK House Price Index — the same sources used for every individual property valuation on Stede. Full detail is on the methodology page.
How we calculate this
These figures are modelled from HM Land Registry Price Paid Data and the UK House Price Index — the same sources behind every individual property valuation on Stede.
Read the full methodology and data sources →