2, PENN ROAD, CHEDDAR, BS27 3NL - £250,000

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 PENN ROAD is a very small detached house of 89m², built sometime between 1950 and 1966. It was last sold for £250,000 in July 2020, which was around 31% below the average July 2020 detached price in the Somerset local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was C.

2 PENN ROAD Sold Prices

Land registry data shows three sales for 2 PENN ROAD 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 PENN ROAD 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
2020 24 JUL	£250,000	£363,755	31% below HPI
1999 25 JUN	£82,000	£109,558	25% below HPI
1995 6 OCT	£75,000	£84,487	11% below HPI

2 PENN ROAD 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 PENN ROAD sales between October 1995 and July 2020 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 1999 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2020 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 2 PENN ROAD?

2 PENN ROAD is 89m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% 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 PENN ROAD lies on this distribution: 16% of detached houses are smaller than 2 PENN ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

2 PENN ROAD: Plot and Title Map

2 PENN ROAD sits on a plot of roughly 0.141 of an acre, or 570m². The below map shows the location of 2 PENN ROAD, 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 PENN ROAD). 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 PENN ROAD?

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