14, MILLANDS LANE, KILVE, BRIDGWATER, TA5 1ED - £340,000

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.

14 MILLANDS LANE is a small detached house of 114m², built sometime between 1996 and 2002, which could now be worth an estimated £510,712. It was last sold for £340,000 in May 2015, which was around 11% above the average May 2015 detached price in the Somerset local authority area. The most recent EPC inspection was August 2014, where the current energy rating was B, and the potential energy rating was B.

14 MILLANDS LANE Sold Prices

Land registry data shows three sales for 14 MILLANDS LANE 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 14 MILLANDS LANE sales were for above 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
2015 8 MAY	£340,000	£306,525	11% above HPI
2010 1 SEP	£295,000	£286,453	3% above HPI
1999 4 OCT	£128,000	£123,953	3% above HPI

14 MILLANDS LANE 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 14 MILLANDS LANE sales between October 1999 and May 2015 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 September 2010 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2015 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 14 MILLANDS LANE be worth now?

14 MILLANDS LANE might now be worth an estimated £510,712.

This is based on house price inflation of 50.2%, between May 2015 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 50.2% inflationary increase is applied to the most recent sale price for 14 MILLANDS LANE of £340,000 on 8th May 2015. For the value to have increased from £340,000 to £510,712 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 14 MILLANDS LANE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The May 2015 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 14 MILLANDS LANE has not materially changed since May 2015.

How Large is 14 MILLANDS LANE?

14 MILLANDS LANE is 114m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 30% of detached houses houses in Kilve, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kilve, and where 14 MILLANDS LANE lies on this distribution: 23% of detached houses houses are smaller than 14 MILLANDS LANE, and 75% of houses are larger. Note that EPC data is not available for all properties in Kilve.

14 MILLANDS LANE: Plot and Title Map

14 MILLANDS LANE sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of 14 MILLANDS LANE, 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 14 MILLANDS LANE). 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 14 MILLANDS LANE?

14 MILLANDS LANE is located in KILVE, in the TA5 postcode district. The below map shows the position of No. 14 on MILLANDS LANE.