2, ELM TREE CLOSE, OTHERY, BRIDGWATER, TA7 0QX - £215,000

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

2 ELM TREE CLOSE is a very small detached house of 81m², built sometime between 2003 and 2006. It was last sold for £215,000 in November 2017, which was around 38% below the average November 2017 detached price in the Somerset local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

2 ELM TREE CLOSE Sold Prices

Land registry data shows two sales for 2 ELM TREE CLOSE 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 2 ELM TREE 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
2017 8 NOV	£215,000	£349,583	38% below HPI
2003 22 DEC	£159,000	£228,625	30% below HPI

2 ELM TREE CLOSE 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 2 ELM TREE CLOSE sales from December 2003 and November 2017 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 December 2003 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the November 2017 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 2 ELM TREE CLOSE?

2 ELM TREE CLOSE is 81m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 10% of detached houses in Othery, based on EPC data. The below chart shows the distribution of detached houses by size in Othery, and where 2 ELM TREE CLOSE lies on this distribution: 3% of detached houses are smaller than 2 ELM TREE CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Othery.

2 ELM TREE CLOSE: Plot and Title Map

2 ELM TREE CLOSE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 2 ELM TREE 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 2 ELM TREE 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 2 ELM TREE CLOSE?

2 ELM TREE CLOSE is located in OTHERY, in the TA7 postcode district. The below map shows the position of No. 2 on ELM TREE CLOSE.