THE SKEP, OXFORD STREET, EVERCREECH, SHEPTON MALLET, BA4 6HT - £324,000

THE SKEP is a very small detached house of 74m². It was last sold for £324,000 in April 2021, which was around 15% below the average April 2021 detached price in the Somerset local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was A.

THE SKEP Sold Prices

Land registry data shows two sales for THE SKEP since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Both of the two THE SKEP sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 22 APR	£324,000	£382,960	15% below HPI
2019 28 JUN	£312,500	£356,829	12% below HPI

THE SKEP Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The two THE SKEP sales from June 2019 and April 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2019 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the April 2021 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is THE SKEP?

THE SKEP is 74m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of detached houses in Evercreech, based on EPC data. The below chart shows the distribution of detached houses by size in Evercreech, and where THE SKEP lies on this distribution: 18% of detached houses are smaller than THE SKEP, and 82% of houses are larger. Note that EPC data is not available for all properties in Evercreech.

THE SKEP: Plot and Title Map

THE SKEP sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of THE SKEP, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of THE SKEP). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is THE SKEP?

THE SKEP is located on OXFORD STREET in EVERCREECH, in the BA4 postcode district. The below map shows the position of THE SKEP on OXFORD STREET.