1, FARRS ORCHARD, OLD HITCHEN, MERRIOTT, TA16 5RG - £327,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 FARRS ORCHARD is a midsized detached house of 112m², built sometime between 1983 and 1990. It was last sold for £327,500 in February 2024, which was around 25% below the average February 2024 detached price in the Somerset local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

1 FARRS ORCHARD Sold Prices

Land registry data shows three sales for 1 FARRS ORCHARD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three 1 FARRS ORCHARD 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
2024 23 FEB	£327,500	£436,283	25% below HPI
2016 31 OCT	£232,000	£326,839	29% below HPI
2003 21 JUL	£155,000	£220,365	30% below HPI

1 FARRS ORCHARD 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 three 1 FARRS ORCHARD sales between July 2003 and February 2024 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 October 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2024 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 1 FARRS ORCHARD?

1 FARRS ORCHARD is 112m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 50% of detached houses in Merriott, based on EPC data. The below chart shows the distribution of detached houses by size in Merriott, and where 1 FARRS ORCHARD lies on this distribution: 44% of detached houses are smaller than 1 FARRS ORCHARD, and 56% of houses are larger. Note that EPC data is not available for all properties in Merriott.

1 FARRS ORCHARD: Plot and Title Map

1 FARRS ORCHARD sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of 1 FARRS ORCHARD, 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 1 FARRS ORCHARD). 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 1 FARRS ORCHARD?

1 FARRS ORCHARD is located on OLD HITCHEN in MERRIOTT, in the TA16 postcode district. The below map shows the position of 1 FARRS ORCHARD on OLD HITCHEN.