A TOTAL of 22 homes in the Taunton (TA) postcode have been sold for more than £1million in the past year, according to 'We Buy Any House' company Property Searchers.

The top price paid for a TA home was £2.6million for a property in Lower Swell, Fivehead.

Also fetching more than £2million were a home in Roadwater, Watchet, and another in Hinton St George.

Property Searchers used Land Registry sold house price statistics to calculate the total value of the 22 millionaire club homes came in at £30.41million.

That is actually a 33 per cent decrease on the same period 12 months earlier, when the top homes in the TA area raked in £42.27million.

This year, the Taunton postcode is 68th in the list of most £1millioon-plus property sales in Britain between July 2021 and July this year.

Bridgwater Mercury:

The top 10 most expensive TA postcode homes sold in the past 12 months.

Speaking on the data, Property Searchers co-founder Ruban Selvanayagam said: “Although there remains a fairly healthy volume of sales in this price bracket, such a pronounced drop would suggest that buyer appetite for these types of homes is decreasing.

“£1 million+ properties - even for the wealthy - are a major commitment and indeed affected by the wider economy.

“With unabated inflationary pressures and rising interest rates as a result, it would not be too much of a surprise to see a continued cooling off across the high-end property market in the coming year at least."