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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 PENN ROAD is a very small detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £300,905. It was last sold for £250,000 in July 2020, which was around 33% 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	£375,211	33% below HPI
1999 25 JUN	£82,000	£113,008	27% below HPI
1995 6 OCT	£75,000	£87,148	14% 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 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2020 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 2 PENN ROAD be worth now?

2 PENN ROAD might now be worth an estimated £300,905.

This is based on house price inflation of 20.4%, between July 2020 and March 2025, 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 20.4% inflationary increase is applied to the most recent sale price for 2 PENN ROAD of £250,000 on 24th July 2020. For the value to have increased from £250,000 to £300,905 over the five years and four months to March 2025, the following assumptions must hold true:

• The value of 2 PENN ROAD has moved in line with the HPI for detached houses in the Somerset local authority area.
• The July 2020 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PENN ROAD has not materially changed since July 2020.

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 houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheddar, and where 2 PENN ROAD lies on this distribution: 14% of detached houses houses are smaller than 2 PENN ROAD, and 85% 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.