22, LOWER PARK, MINEHEAD, TA24 8AX - £480,000

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

22 LOWER PARK is a very large extended semi-detached house of 169m², built sometime between 1930 and 1949. It was last sold for £480,000 in November 2022, which was around 4% above the average November 2022 detached price in the Somerset local authority area. The most recent EPC inspection was June 2013, where the current energy rating was F, and the potential energy rating was D.

22 LOWER PARK Sold Prices

Land registry data shows three sales for 22 LOWER PARK 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 22 LOWER PARK 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
2022 11 NOV	£480,000	£459,521	4% above HPI
2014 17 JAN	£335,000	£278,535	20% above HPI
1998 12 AUG	£115,000	£105,398	9% above HPI

22 LOWER PARK 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 22 LOWER PARK sales between August 1998 and November 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 January 2014 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the November 2022 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 22 LOWER PARK?

22 LOWER PARK is 169m², which includes three extensions, according to the EPC inspection conducted in June 2013. This puts it in the largest 20% of detached houses in Minehead, based on EPC data. The below chart shows the distribution of detached houses by size in Minehead, and where 22 LOWER PARK lies on this distribution: 86% of detached houses are smaller than 22 LOWER PARK, and 14% of houses are larger. Note that EPC data is not available for all properties in Minehead.

22 LOWER PARK: Plot and Title Map

22 LOWER PARK sits on a plot of roughly 0.161 of an acre, or 650m². The below map shows the location of 22 LOWER PARK, 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 22 LOWER PARK). 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 22 LOWER PARK?

22 LOWER PARK is located in MINEHEAD, in the TA24 postcode district. The below map shows the position of No. 22 on LOWER PARK.