38, SOMERSET AVENUE, EXETER, EX4 1LR - £299,000

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

38 SOMERSET AVENUE is a midsized detached house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £478,120. It was last sold for £299,000 in April 2012, which was around 11% below the average April 2012 detached price in the Exeter local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was D.

38 SOMERSET AVENUE Sold Prices

Land registry data shows two sales for 38 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 38 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
2012 27 APR	£299,000	£336,176	11% below HPI
2005 28 NOV	£240,000	£283,995	15% below HPI

38 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 38 SOMERSET AVENUE sales from November 2005 and April 2012 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 November 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2012 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 38 SOMERSET AVENUE be worth now?

38 SOMERSET AVENUE might now be worth an estimated £478,120.

This is based on house price inflation of 59.9%, between April 2012 and December 2024, for detached houses, in the Exeter local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 59.9% inflationary increase is applied to the most recent sale price for 38 SOMERSET AVENUE of £299,000 on 27th April 2012. For the value to have increased from £299,000 to £478,120 over the eleven years and four months to December 2024, the following assumptions must hold true:

• The value of 38 SOMERSET AVENUE has moved in line with the HPI for detached houses in the Exeter local authority area.
• The April 2012 sale price of £299,000 represented a fair market value for the property.
• The size, condition, and specification of 38 SOMERSET AVENUE has not materially changed since April 2012.

How Large is 38 SOMERSET AVENUE?

38 SOMERSET AVENUE is 123m² according to the EPC inspection conducted in March 2010. This puts it in the largest 50% of detached houses houses in Exeter, based on EPC data. The below chart shows the distribution of detached houses houses by size in Exeter, and where 38 SOMERSET AVENUE lies on this distribution: 56% of detached houses houses are smaller than 38 SOMERSET AVENUE, and 44% of houses are larger. Note that EPC data is not available for all properties in Exeter.

38 SOMERSET AVENUE: Plot and Title Map

38 SOMERSET AVENUE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 38 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 38 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 38 SOMERSET AVENUE?

38 SOMERSET AVENUE is located in EXETER, in the EX4 postcode district. The below map shows the position of No. 38 on SOMERSET AVENUE.