2, REEVES CLOSE, DRAYCOTT, CHEDDAR, BS27 3TB - £325,000

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 REEVES CLOSE is a small extended semi-detached house of 96m², built sometime between 1976 and 1982, which could now be worth an estimated £409,480. It was last sold for £325,000 in October 2018, which was around 43% above the average October 2018 semi-detached price in the Somerset local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was D.

2 REEVES CLOSE Sold Prices

Land registry data shows two sales for 2 REEVES CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Somerset local authority area for the corresponding sale date. Both of the two 2 REEVES CLOSE 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
2018 24 OCT	£325,000	£227,226	43% above HPI
2005 16 DEC	£192,500	£163,327	18% above HPI

2 REEVES CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Somerset local authority area over time, sourced from the HPI. The two 2 REEVES CLOSE sales from December 2005 and October 2018 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 2005 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2018 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might 2 REEVES CLOSE be worth now?

2 REEVES CLOSE might now be worth an estimated £409,480.

This is based on house price inflation of 26%, between October 2018 and March 2025, for semi-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 26% inflationary increase is applied to the most recent sale price for 2 REEVES CLOSE of £325,000 on 24th October 2018. For the value to have increased from £325,000 to £409,480 over the seven years and seven months to March 2025, the following assumptions must hold true:

• The value of 2 REEVES CLOSE has moved in line with the HPI for semi-detached houses in the Somerset local authority area.
• The October 2018 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 REEVES CLOSE has not materially changed since October 2018.

How Large is 2 REEVES CLOSE?

2 REEVES CLOSE is 96m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the smallest 30% of semi-detached houses houses in Draycott, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Draycott, and where 2 REEVES CLOSE lies on this distribution: 25% of semi-detached houses houses are smaller than 2 REEVES CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Draycott.

2 REEVES CLOSE: Plot and Title Map

2 REEVES CLOSE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 2 REEVES 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 REEVES 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 REEVES CLOSE?

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