2, UPPER NEW ROAD, CHEDDAR, BS27 3DH - £330,000

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 UPPER NEW ROAD is a very small extended detached house of 89m², built sometime between 1930 and 1949, which could now be worth an estimated £379,745. It was last sold for £330,000 in December 2020, which was around 18% below the average December 2020 detached price in the Somerset local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was A.

2 UPPER NEW ROAD Sold Prices

Land registry data shows three sales for 2 UPPER NEW 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 UPPER NEW 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 1 DEC	£330,000	£400,115	18% below HPI
2013 9 APR	£195,000	£280,553	30% below HPI
2002 24 MAY	£130,000	£177,406	27% below HPI

2 UPPER NEW 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 UPPER NEW ROAD sales between May 2002 and December 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 April 2013 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 2 UPPER NEW ROAD be worth now?

2 UPPER NEW ROAD might now be worth an estimated £379,745.

This is based on house price inflation of 15.1%, between December 2020 and February 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 15.1% inflationary increase is applied to the most recent sale price for 2 UPPER NEW ROAD of £330,000 on 1st December 2020. For the value to have increased from £330,000 to £379,745 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 UPPER NEW ROAD has moved in line with the HPI for detached houses in the Somerset local authority area.
• The December 2020 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 2 UPPER NEW ROAD has not materially changed since December 2020.

How Large is 2 UPPER NEW ROAD?

2 UPPER NEW ROAD is 89m², which includes one extension, according to the EPC inspection conducted in July 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 UPPER NEW ROAD lies on this distribution: 14% of detached houses houses are smaller than 2 UPPER NEW ROAD, and 85% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

2 UPPER NEW ROAD: Plot and Title Map

2 UPPER NEW ROAD sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 2 UPPER NEW 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 UPPER NEW 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 UPPER NEW ROAD?

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