1, THE CEDARS, EVERCREECH, SHEPTON MALLET, BA4 6LG - £335,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 THE CEDARS is a very small detached house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £355,201. It was last sold for £335,000 in February 2022, which was around 23% below the average February 2022 detached price in the Somerset local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

1 THE CEDARS Sold Prices

Land registry data shows two sales for 1 THE CEDARS 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 1 THE CEDARS 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 24 FEB	£335,000	£434,243	23% below HPI
1996 7 JUN	£62,000	£87,045	29% below HPI

1 THE CEDARS 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 1 THE CEDARS sales from June 1996 and February 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 June 1996 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the February 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 1 THE CEDARS be worth now?

1 THE CEDARS might now be worth an estimated £355,201.

This is based on house price inflation of 6%, between February 2022 and February 2025, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% inflationary increase is applied to the most recent sale price for 1 THE CEDARS of £335,000 on 24th February 2022. For the value to have increased from £335,000 to £355,201 over the three years to February 2025, the following assumptions must hold true:

• The value of 1 THE CEDARS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The February 2022 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE CEDARS has not materially changed since February 2022.

How Large is 1 THE CEDARS?

1 THE CEDARS is 66m² according to the EPC inspection conducted in June 2021. This puts it in the smallest 20% of detached houses houses in Evercreech, based on EPC data. The below chart shows the distribution of detached houses houses by size in Evercreech, and where 1 THE CEDARS lies on this distribution: 13% of detached houses houses are smaller than 1 THE CEDARS, and 87% of houses are larger. Note that EPC data is not available for all properties in Evercreech.

1 THE CEDARS: Plot and Title Map

1 THE CEDARS sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 1 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

1 THE CEDARS is located in EVERCREECH, in the BA4 postcode district. The below map shows the position of No. 1 on THE CEDARS.