A house in Cheddar costs about £360,000, and no, the famous cheese doesn't come with it. Detached places run well north of that. Flats scrape in under half of it. Roughly a hundred homes changed hands over the last year, so this is a working market, not a handful of trophy sales. Somerset money for a Mendip address, priced accordingly.
The typical sale over the past twelve months landed at about £360,000. The ladder underneath that number is steep. Detached houses sit around £455,000, semis about £316,000, terraces near £219,000, and the few flats that sold came in close to £150,000. That's a gap of roughly three hundred thousand pounds between the top and bottom of the same village, which tells you Cheddar is really two markets sharing a postcode: the detached-and-established crowd at one end, and everyone buying their way in through a terrace or a flat at the other.
Council tax lands at band D for the typical home. About a quarter of dwellings sit in the two cheapest bands, A and B, so there's a real budget end to the village and not just executive stock. The bills are ordinary rather than eye-watering.
Renting is the smaller game here, and the figure to plan around is regional rather than street-level: typical private rent across the Somerset area runs at about £990 a month. By size, that's roughly £670 for a one-bed, about £890 for a two-bed, around £1,100 for a three-bed, and close to £1,580 once you need four bedrooms or more. Nobody's renting cheaply, and nobody's stumbling on a bargain.
Set against local wallets, it's a stretch. The typical household here brings in about £58,000 a year, and a £360,000 house is roughly six times that before anyone's added a deposit or a mortgage rate to the sum. That's the countryside premium in plain figures: you pay Mendip prices on Somerset incomes, and the gap is exactly what keeps the terraces and flats moving faster than the detached houses.
Cheddar is above-average value for what you actually get, but nobody's calling it cheap. You're buying a solid house in good country at a price that quietly assumes you already knew that.