2, GLEBE WAY, CHEDDAR, BS27 3XU - £235,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 GLEBE WAY is a midsized detached house of 119m², built sometime between 1996 and 2002, which could now be worth an estimated £494,582. It was last sold for £235,000 in March 2003, which was around 8% above the average March 2003 detached price in the Somerset local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was B.

2 GLEBE WAY Sold Prices

Land registry data shows three sales for 2 GLEBE WAY 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 2 GLEBE WAY 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
2003 26 MAR	£235,000	£217,568	8% above HPI
2002 2 DEC	£223,700	£211,505	6% above HPI
2001 26 JAN	£154,950	£143,281	8% above HPI

2 GLEBE WAY 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 2 GLEBE WAY sales between January 2001 and March 2003 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 2002 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the March 2003 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 2 GLEBE WAY be worth now?

2 GLEBE WAY might now be worth an estimated £494,582.

This is based on house price inflation of 110.5%, between March 2003 and December 2024, 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 110.5% inflationary increase is applied to the most recent sale price for 2 GLEBE WAY of £235,000 on 26th March 2003. For the value to have increased from £235,000 to £494,582 over the twenty years and three months to December 2024, the following assumptions must hold true:

• The value of 2 GLEBE WAY has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2003 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GLEBE WAY has not materially changed since March 2003.

How Large is 2 GLEBE WAY?

2 GLEBE WAY is 119m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 50% of detached houses houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheddar, and where 2 GLEBE WAY lies on this distribution: 45% of detached houses houses are smaller than 2 GLEBE WAY, and 54% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

2 GLEBE WAY: Plot and Title Map

2 GLEBE WAY sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 2 GLEBE WAY, 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 GLEBE WAY). 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 GLEBE WAY?

2 GLEBE WAY is located in CHEDDAR, in the BS27 postcode district. The below map shows the position of No. 2 on GLEBE WAY.