2, SOMERVILLE CLOSE, SHEPTON MALLET, BA4 4AT - £320,000

Based on the June 2024 Price Paid Data (released on 26 July 2024), the May 2024 House Price Index (released on 17 July 2024), and the June 2024 Energy Performance of Buildings Data (released on 25 July 2024). Sources

2 SOMERVILLE CLOSE is a very small extended semi-detached house of 81m², built sometime between 2003 and 2006. It was last sold for £320,000 in September 2022, which was around 30% below the average September 2022 detached price in the Somerset local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was A.

2 SOMERVILLE CLOSE Sold Prices

Land registry data shows five sales for 2 SOMERVILLE CLOSE 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 SOMERVILLE 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
2022 23 SEP	£320,000	£456,674	30% below HPI
2018 13 FEB	£249,950	£349,935	29% below HPI
2003 18 SEP	£139,000	£224,544	38% below HPI
2001 25 MAY	£90,000	£146,642	39% below HPI
1999 30 SEP	£74,950	£118,005	36% below HPI

2 SOMERVILLE 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 five 2 SOMERVILLE CLOSE sales between September 1999 and September 2022 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 February 2018 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 SOMERVILLE CLOSE?

2 SOMERVILLE CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 20% of detached houses in Shepton Mallet, based on EPC data. The below chart shows the distribution of detached houses by size in Shepton Mallet, and where 2 SOMERVILLE CLOSE lies on this distribution: 14% of detached houses are smaller than 2 SOMERVILLE CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Shepton Mallet.

2 SOMERVILLE CLOSE: Plot and Title Map

2 SOMERVILLE CLOSE sits on a plot of roughly 0.050 of an acre, or 204m². The below map shows the location of 2 SOMERVILLE 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 SOMERVILLE 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 SOMERVILLE CLOSE?

2 SOMERVILLE CLOSE is located in SHEPTON MALLET, in the BA4 postcode district. The below map shows the position of No. 2 on SOMERVILLE CLOSE.