1, REDGATES, VILLES LANE, PORLOCK, MINEHEAD, TA24 8NW - £415,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 REDGATES is a very small detached house of 85m², built sometime before 1900. It was last sold for £415,000 in August 2022, which was around 7% below the average August 2022 detached price in the Somerset local authority area. The most recent EPC inspection was June 2014, where the current energy rating was G, and the potential energy rating was D.

1 REDGATES Sold Prices

Land registry data shows three sales for 1 REDGATES 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 REDGATES 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
2022 11 AUG	£415,000	£447,452	7% below HPI
2020 9 NOV	£345,000	£383,665	10% below HPI
2014 28 AUG	£190,000	£293,680	35% below HPI

1 REDGATES 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 REDGATES sales between August 2014 and August 2022 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 November 2020 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 1 REDGATES?

1 REDGATES is 85m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses in Porlock, based on EPC data. The below chart shows the distribution of detached houses by size in Porlock, and where 1 REDGATES lies on this distribution: 9% of detached houses are smaller than 1 REDGATES, and 88% of houses are larger. Note that EPC data is not available for all properties in Porlock.

1 REDGATES: Plot and Title Map

1 REDGATES sits on a plot of roughly 0.079 of an acre, or 318m². The below map shows the location of 1 REDGATES, 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 REDGATES). 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 REDGATES?

1 REDGATES is located on VILLES LANE in PORLOCK, in the TA24 postcode district. The below map shows the position of 1 REDGATES on VILLES LANE.