38, WATER STREET, MARTOCK, TA12 6JP - £330,000

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 WATER STREET is a very large extended detached house of 176m², built sometime before 1900, which could now be worth an estimated £452,163. It was last sold for £330,000 in August 2016, which was around 1% below the average August 2016 detached price in the Somerset local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

38 WATER STREET Sold Prices

Land registry data shows two sales for 38 WATER STREET 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. One of the two 38 WATER STREET sales was for below the average price, whilst the other was roughly equal to 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
2016 5 AUG	£330,000	£334,183	1% below HPI
2002 25 OCT	£205,000	£205,521	Close to HPI

38 WATER STREET 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 38 WATER STREET sales from October 2002 and August 2016 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 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2016 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 38 WATER STREET be worth now?

38 WATER STREET might now be worth an estimated £452,163.

This is based on house price inflation of 37%, between August 2016 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 37% inflationary increase is applied to the most recent sale price for 38 WATER STREET of £330,000 on 5th August 2016. For the value to have increased from £330,000 to £452,163 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of 38 WATER STREET has moved in line with the HPI for detached houses in the Somerset local authority area.
• The August 2016 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 38 WATER STREET has not materially changed since August 2016.

How Large is 38 WATER STREET?

38 WATER STREET is 176m², which includes one extension, according to the EPC inspection conducted in July 2013. This puts it in the largest 10% of detached houses houses in Martock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martock, and where 38 WATER STREET lies on this distribution: 91% of detached houses houses are smaller than 38 WATER STREET, and 9% of houses are larger. Note that EPC data is not available for all properties in Martock.

38 WATER STREET: Plot and Title Map

38 WATER STREET sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of 38 WATER STREET, 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 WATER STREET). 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 WATER STREET?

38 WATER STREET is located in MARTOCK, in the TA12 postcode district. The below map shows the position of No. 38 on WATER STREET.