3, MEAD WAY, MONKTON HEATHFIELD, TAUNTON, TA2 8LT - £275,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 MEAD WAY is a large detached house of 124m², built sometime between 1996 and 2002, which could now be worth an estimated £394,312. It was last sold for £275,000 in October 2015, which was around 14% below the average October 2015 detached price in the Somerset local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

3 MEAD WAY Sold Prices

Land registry data shows two sales for 3 MEAD WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. One of the two 3 MEAD WAY sales was for below the average price, whilst the other was 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 9 OCT	£275,000	£319,344	14% below HPI
1996 28 JUN	£90,000	£87,045	3% above HPI

3 MEAD WAY 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 two 3 MEAD WAY sales from June 1996 and October 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 June 1996 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the October 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 MEAD WAY be worth now?

3 MEAD WAY might now be worth an estimated £394,312.

This is based on house price inflation of 43.4%, between October 2015 and December 2024, 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 43.4% inflationary increase is applied to the most recent sale price for 3 MEAD WAY of £275,000 on 9th October 2015. For the value to have increased from £275,000 to £394,312 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 3 MEAD WAY has moved in line with the HPI for detached houses in the Somerset local authority area.
• The October 2015 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MEAD WAY has not materially changed since October 2015.

How Large is 3 MEAD WAY?

3 MEAD WAY is 124m² according to the EPC inspection conducted in January 2016. This puts it in the largest 40% of detached houses houses in Monkton Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Monkton Heathfield, and where 3 MEAD WAY lies on this distribution: 64% of detached houses houses are smaller than 3 MEAD WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Monkton Heathfield.

3 MEAD WAY: Plot and Title Map

3 MEAD WAY sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 3 MEAD WAY, 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 MEAD WAY). 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 MEAD WAY?

3 MEAD WAY is located in MONKTON HEATHFIELD, in the TA2 postcode district. The below map shows the position of No. 3 on MEAD WAY.