2, MEAD CLOSE, CHEDDAR, BS27 3XN - £260,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MEAD CLOSE is a small extended detached house of 111m², built sometime between 1996 and 2002. It was last sold for £260,000 in August 2008, which was around 7% below the average August 2008 detached price in the Somerset local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

2 MEAD CLOSE Sold Prices

Land registry data shows three sales for 2 MEAD CLOSE 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 MEAD 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
2008 12 AUG	£260,000	£280,933	7% below HPI
2004 8 SEP	£245,000	£257,025	5% below HPI
2002 31 MAY	£167,021	£171,989	3% below HPI

2 MEAD 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 three 2 MEAD CLOSE sales between May 2002 and August 2008 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 2004 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2008 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 2 MEAD CLOSE?

2 MEAD CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses by size in Cheddar, and where 2 MEAD CLOSE lies on this distribution: 36% of detached houses are smaller than 2 MEAD CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

2 MEAD CLOSE: Plot and Title Map

2 MEAD CLOSE sits on a plot of roughly 0.086 of an acre, or 346m². The below map shows the location of 2 MEAD 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 MEAD 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 MEAD CLOSE?

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