3, THE ORCHARDS, MEARE, GLASTONBURY, BA6 9PU - £365,000

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

3 THE ORCHARDS is a midsized extended detached house of 144m², built sometime between 1996 and 2002. It was last sold for £365,000 in January 2021, which was around 6% below the average January 2021 detached price in the Somerset local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

3 THE ORCHARDS Sold Prices

Land registry data shows four sales for 3 THE ORCHARDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Most of the four 3 THE ORCHARDS 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
2021 7 JAN	£365,000	£387,801	6% below HPI
2018 4 OCT	£352,000	£360,682	2% below HPI
2004 27 JUL	£230,000	£249,209	8% below HPI
1997 22 OCT	£100,000	£97,308	3% above HPI

3 THE ORCHARDS 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 four 3 THE ORCHARDS sales between October 1997 and January 2021 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 2018 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the January 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 3 THE ORCHARDS?

3 THE ORCHARDS is 144m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% of detached houses in Meare, based on EPC data. The below chart shows the distribution of detached houses by size in Meare, and where 3 THE ORCHARDS lies on this distribution: 43% of detached houses are smaller than 3 THE ORCHARDS, and 55% of houses are larger. Note that EPC data is not available for all properties in Meare.

3 THE ORCHARDS: Plot and Title Map

3 THE ORCHARDS sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 3 THE ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

3 THE ORCHARDS is located in MEARE, in the BA6 postcode district. The below map shows the position of No. 3 on THE ORCHARDS.