3, CHESTNUT CLOSE, BANWELL, BS29 6HL - £255,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 CHESTNUT CLOSE is a very small detached house of 69m², built sometime between 1950 and 1966. It was last sold for £255,000 in August 2018, which was around 37% below the average August 2018 detached price in the North Somerset local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was B.

3 CHESTNUT CLOSE Sold Prices

Land registry data shows three sales for 3 CHESTNUT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Somerset local authority area for the corresponding sale date. All of the three 3 CHESTNUT 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
2018 9 AUG	£255,000	£407,052	37% below HPI
2004 29 JAN	£162,000	£236,817	32% below HPI
1995 20 OCT	£62,500	£89,433	30% below HPI

3 CHESTNUT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Somerset local authority area over time, sourced from the HPI. The three 3 CHESTNUT CLOSE sales between October 1995 and August 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 January 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the August 2018 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is 69m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 20% of detached houses in Banwell, based on EPC data. The below chart shows the distribution of detached houses by size in Banwell, and where 3 CHESTNUT CLOSE lies on this distribution: 11% of detached houses are smaller than 3 CHESTNUT CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Banwell.

3 CHESTNUT CLOSE: Plot and Title Map

3 CHESTNUT CLOSE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 3 CHESTNUT 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 3 CHESTNUT 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 3 CHESTNUT CLOSE?

3 CHESTNUT CLOSE is located in BANWELL, in the BS29 postcode district. The below map shows the position of No. 3 on CHESTNUT CLOSE.