2, THE ORCHARDS, MEARE, GLASTONBURY, BA6 9PU - £270,000

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 THE ORCHARDS is a very small detached house of 118m², built sometime between 2003 and 2006. It was last sold for £270,000 in May 2015, which was around 9% below the average May 2015 detached price in the Somerset local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

2 THE ORCHARDS Sold Prices

Land registry data shows four sales for 2 THE ORCHARDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. two of the four 2 THE ORCHARDS sales were for below the average price, and four 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
2015 22 MAY	£270,000	£297,166	9% below HPI
2004 6 AUG	£229,500	£251,719	9% below HPI
2002 15 MAR	£169,000	£164,620	3% above HPI
1997 19 SEP	£105,000	£96,313	9% above HPI

2 THE ORCHARDS 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 four 2 THE ORCHARDS sales between September 1997 and May 2015 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 August 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the May 2015 sale, which was also at 9% below the HPI.

How Large is 2 THE ORCHARDS?

2 THE ORCHARDS is 118m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Meare, based on EPC data. The below chart shows the distribution of detached houses by size in Meare, and where 2 THE ORCHARDS lies on this distribution: 11% of detached houses are smaller than 2 THE ORCHARDS, and 89% of houses are larger. Note that EPC data is not available for all properties in Meare.

2 THE ORCHARDS: Plot and Title Map

2 THE ORCHARDS sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 2 THE ORCHARDS, 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 THE ORCHARDS). 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 THE ORCHARDS?

2 THE ORCHARDS is located in MEARE, in the BA6 postcode district. The below map shows the position of No. 2 on THE ORCHARDS.