3, THE BINNINGS, DRAYCOTT, CHEDDAR, BS27 3UG - £575,000

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 THE BINNINGS is a very large extended detached house of 183m², built sometime between 1996 and 2002, which could now be worth an estimated £708,089. It was last sold for £575,000 in May 2020, which was around 55% above the average May 2020 detached price in the Somerset local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

3 THE BINNINGS Sold Prices

Land registry data shows two sales for 3 THE BINNINGS 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 THE BINNINGS 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
2020 1 MAY	£575,000	£371,831	55% above HPI
1999 22 OCT	£245,000	£123,953	98% above HPI

3 THE BINNINGS 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 THE BINNINGS sales from October 1999 and May 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 October 1999 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the May 2020 sale, where it falls to 55% above the HPI. The line then continues to track at 55% above the HPI.

What might 3 THE BINNINGS be worth now?

3 THE BINNINGS might now be worth an estimated £708,089.

This is based on house price inflation of 23.1%, between May 2020 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 23.1% inflationary increase is applied to the most recent sale price for 3 THE BINNINGS of £575,000 on 1st May 2020. For the value to have increased from £575,000 to £708,089 over the three years and five months to December 2024, the following assumptions must hold true:

• The value of 3 THE BINNINGS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The May 2020 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 3 THE BINNINGS has not materially changed since May 2020.

How Large is 3 THE BINNINGS?

3 THE BINNINGS is 183m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 20% 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 THE BINNINGS lies on this distribution: 86% of detached houses houses are smaller than 3 THE BINNINGS, and 14% of houses are larger. Note that EPC data is not available for all properties in Draycott.

3 THE BINNINGS: Plot and Title Map

3 THE BINNINGS sits on a plot of roughly 0.133 of an acre, or 540m². The below map shows the location of 3 THE BINNINGS, 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 THE BINNINGS). 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 THE BINNINGS?

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