3, WELLS CLOSE, NAILSEA, BRISTOL, BS48 2SW - £415,000

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 WELLS CLOSE is a small extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £415,000 in November 2017, which was around 6% above the average November 2017 detached price in the North Somerset local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

3 WELLS CLOSE Sold Prices

Land registry data shows four sales for 3 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Somerset local authority area for the corresponding sale date. All of the four 3 WELLS CLOSE 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
2017 20 NOV	£415,000	£391,410	6% above HPI
2005 26 AUG	£284,250	£262,819	8% above HPI
2001 29 JUN	£172,500	£162,586	6% above HPI
1996 1 OCT	£107,000	£93,595	14% above HPI

3 WELLS 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 four 3 WELLS CLOSE sales between October 1996 and November 2017 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 August 2005 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the November 2017 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 3 WELLS CLOSE?

3 WELLS CLOSE is 105m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the smallest 40% of detached houses in Nailsea, based on EPC data. The below chart shows the distribution of detached houses by size in Nailsea, and where 3 WELLS CLOSE lies on this distribution: 34% of detached houses are smaller than 3 WELLS CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Nailsea.

3 WELLS CLOSE: Plot and Title Map

3 WELLS CLOSE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 3 WELLS 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 WELLS 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 WELLS CLOSE?

3 WELLS CLOSE is located in NAILSEA, in the BS48 postcode district. The below map shows the position of No. 3 on WELLS CLOSE.