2, PARK MEAD, MONKTON HEATHFIELD, TAUNTON, TA2 8PL - £350,000

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 PARK MEAD is a midsized extended detached house of 118m², built sometime between 1976 and 1982, which could now be worth an estimated £364,761. It was last sold for £350,000 in June 2024, which was around 20% below the average June 2024 detached price in the Somerset local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

2 PARK MEAD Sold Prices

Land registry data shows five sales for 2 PARK MEAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the five 2 PARK MEAD 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
2024 27 JUN	£350,000	£439,365	20% below HPI
2022 30 JUN	£360,000	£451,456	20% below HPI
2004 19 APR	£225,000	£244,269	8% below HPI
1999 10 DEC	£98,000	£125,759	22% below HPI
1995 25 MAY	£78,000	£87,006	10% below HPI

2 PARK MEAD 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 five 2 PARK MEAD sales between May 1995 and June 2024 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 June 2022 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2024 sale, which was also at 20% below the HPI.

What might 2 PARK MEAD be worth now?

2 PARK MEAD might now be worth an estimated £364,761.

This is based on house price inflation of 4.2%, between June 2024 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 4.2% inflationary increase is applied to the most recent sale price for 2 PARK MEAD of £350,000 on 27th June 2024. For the value to have increased from £350,000 to £364,761 over the six months to December 2024, the following assumptions must hold true:

• The value of 2 PARK MEAD has moved in line with the HPI for detached houses in the Somerset local authority area.
• The June 2024 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK MEAD has not materially changed since June 2024.

How Large is 2 PARK MEAD?

2 PARK MEAD is 118m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the largest 40% of detached houses houses in Monkton Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Monkton Heathfield, and where 2 PARK MEAD lies on this distribution: 59% of detached houses houses are smaller than 2 PARK MEAD, and 40% of houses are larger. Note that EPC data is not available for all properties in Monkton Heathfield.

2 PARK MEAD: Plot and Title Map

2 PARK MEAD sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 2 PARK MEAD, 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 PARK MEAD). 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 PARK MEAD?

2 PARK MEAD is located in MONKTON HEATHFIELD, in the TA2 postcode district. The below map shows the position of No. 2 on PARK MEAD.