18, FOLLY CLOSE, MIDSOMER NORTON, RADSTOCK, BA3 2LB - £295,000

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.

18 FOLLY CLOSE is a small detached house of 90m², built sometime between 2003 and 2006, which could now be worth an estimated £367,723. It was last sold for £295,000 in August 2019, which was around 48% below the average August 2019 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

18 FOLLY CLOSE Sold Prices

Land registry data shows four sales for 18 FOLLY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bath and North East Somerset local authority area for the corresponding sale date. All of the four 18 FOLLY CLOSE 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
2019 15 AUG	£295,000	£564,570	48% below HPI
2010 19 NOV	£230,000	£388,408	41% below HPI
2007 30 AUG	£225,000	£404,324	44% below HPI
2004 2 JUL	£184,950	£329,346	44% below HPI

18 FOLLY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The four 18 FOLLY CLOSE sales between July 2004 and August 2019 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 2010 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the August 2019 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 18 FOLLY CLOSE be worth now?

18 FOLLY CLOSE might now be worth an estimated £367,723.

This is based on house price inflation of 24.7%, between August 2019 and February 2025, for detached houses, in the Bath and North East Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.7% inflationary increase is applied to the most recent sale price for 18 FOLLY CLOSE of £295,000 on 15th August 2019. For the value to have increased from £295,000 to £367,723 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 18 FOLLY CLOSE has moved in line with the HPI for detached houses in the Bath and North East Somerset local authority area.
• The August 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 18 FOLLY CLOSE has not materially changed since August 2019.

How Large is 18 FOLLY CLOSE?

18 FOLLY CLOSE is 90m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 30% of detached houses houses in Midsomer Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Midsomer Norton, and where 18 FOLLY CLOSE lies on this distribution: 28% of detached houses houses are smaller than 18 FOLLY CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Midsomer Norton.

18 FOLLY CLOSE: Plot and Title Map

18 FOLLY CLOSE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 18 FOLLY CLOSE, 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 18 FOLLY CLOSE). 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 18 FOLLY CLOSE?

18 FOLLY CLOSE is located in MIDSOMER NORTON, in the BA3 postcode district. The below map shows the position of No. 18 on FOLLY CLOSE.