31, SOMERSET AVENUE, EXETER, EX4 1LX - £346,000

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

31 SOMERSET AVENUE is a small extended detached house of 90m², built sometime between 1950 and 1966. It was last sold for £346,000 in January 2020, which was around 26% below the average January 2020 detached price in the Exeter local authority area. The most recent EPC inspection was October 2019, where the current energy rating was B, and the potential energy rating was B.

31 SOMERSET AVENUE Sold Prices

Land registry data shows two sales for 31 SOMERSET AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Exeter local authority area for the corresponding sale date. Both of the two 31 SOMERSET AVENUE 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
2020 13 JAN	£346,000	£466,979	26% below HPI
2001 16 APR	£120,000	£159,003	25% below HPI

31 SOMERSET AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Exeter local authority area over time, sourced from the HPI. The two 31 SOMERSET AVENUE sales from April 2001 and January 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 April 2001 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 31 SOMERSET AVENUE?

31 SOMERSET AVENUE is 90m², which includes three extensions, according to the EPC inspection conducted in October 2019. This puts it in the smallest 30% of detached houses in Exeter, based on EPC data. The below chart shows the distribution of detached houses by size in Exeter, and where 31 SOMERSET AVENUE lies on this distribution: 22% of detached houses are smaller than 31 SOMERSET AVENUE, and 77% of houses are larger. Note that EPC data is not available for all properties in Exeter.

31 SOMERSET AVENUE: Plot and Title Map

31 SOMERSET AVENUE sits on a plot of roughly 0.131 of an acre, or 530m². The below map shows the location of 31 SOMERSET AVENUE, 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 31 SOMERSET AVENUE). 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 31 SOMERSET AVENUE?

31 SOMERSET AVENUE is located in EXETER, in the EX4 postcode district. The below map shows the position of No. 31 on SOMERSET AVENUE.