3, REEVES CLOSE, DRAYCOTT, CHEDDAR, BS27 3TB - £244,000

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 REEVES CLOSE is a small extended detached house of 94m², built sometime between 1967 and 1975, which could now be worth an estimated £386,638. It was last sold for £244,000 in March 2014, which was around 16% below the average March 2014 detached price in the Somerset local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was C.

3 REEVES CLOSE Sold Prices

Land registry data shows two sales for 3 REEVES CLOSE 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. Both of the two 3 REEVES 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
2014 24 MAR	£244,000	£288,969	16% below HPI
1999 26 FEB	£83,000	£109,448	24% below HPI

3 REEVES CLOSE 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 REEVES CLOSE sales from February 1999 and March 2014 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 February 1999 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2014 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 REEVES CLOSE be worth now?

3 REEVES CLOSE might now be worth an estimated £386,638.

This is based on house price inflation of 58.5%, between March 2014 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 58.5% inflationary increase is applied to the most recent sale price for 3 REEVES CLOSE of £244,000 on 24th March 2014. For the value to have increased from £244,000 to £386,638 over the nine years and three months to December 2024, the following assumptions must hold true:

• The value of 3 REEVES CLOSE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2014 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REEVES CLOSE has not materially changed since March 2014.

How Large is 3 REEVES CLOSE?

3 REEVES CLOSE is 94m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the smallest 30% of detached houses houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Draycott, and where 3 REEVES CLOSE lies on this distribution: 21% of detached houses houses are smaller than 3 REEVES CLOSE, and 79% of houses are larger. Note that EPC data is not available for all properties in Draycott.

3 REEVES CLOSE: Plot and Title Map

3 REEVES CLOSE sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 3 REEVES 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 REEVES 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 REEVES CLOSE?

3 REEVES CLOSE is located in DRAYCOTT, in the BS27 postcode district. The below map shows the position of No. 3 on REEVES CLOSE.