4, CHAFFINCH DRIVE, MIDSOMER NORTON, RADSTOCK, BA3 4NW - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 CHAFFINCH DRIVE is a very small detached house of 76m², built sometime between 1976 and 1982, which could now be worth an estimated £310,821. It was last sold for £265,000 in October 2020, which was around 56% below the average October 2020 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

4 CHAFFINCH DRIVE Sold Prices

Land registry data shows two sales for 4 CHAFFINCH DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bath and North East Somerset local authority area for the corresponding sale date. Both of the two 4 CHAFFINCH DRIVE 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 30 OCT	£265,000	£600,001	56% below HPI
2003 27 JAN	£142,500	£288,841	51% below HPI

4 CHAFFINCH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The two 4 CHAFFINCH DRIVE sales from January 2003 and October 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 January 2003 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the October 2020 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

What might 4 CHAFFINCH DRIVE be worth now?

4 CHAFFINCH DRIVE might now be worth an estimated £310,821.

This is based on house price inflation of 17.3%, between October 2020 and February 2025, for detached houses, in the Bath and North East Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.3% inflationary increase is applied to the most recent sale price for 4 CHAFFINCH DRIVE of £265,000 on 30th October 2020. For the value to have increased from £265,000 to £310,821 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 4 CHAFFINCH DRIVE has moved in line with the HPI for detached houses in the Bath and North East Somerset local authority area.
• The October 2020 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CHAFFINCH DRIVE has not materially changed since October 2020.

How Large is 4 CHAFFINCH DRIVE?

4 CHAFFINCH DRIVE is 76m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 20% of detached houses houses in Midsomer Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Midsomer Norton, and where 4 CHAFFINCH DRIVE lies on this distribution: 10% of detached houses houses are smaller than 4 CHAFFINCH DRIVE, and 89% of houses are larger. Note that EPC data is not available for all properties in Midsomer Norton.

4 CHAFFINCH DRIVE: Plot and Title Map

4 CHAFFINCH DRIVE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 4 CHAFFINCH DRIVE, 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 4 CHAFFINCH DRIVE). 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 4 CHAFFINCH DRIVE?

4 CHAFFINCH DRIVE is located in MIDSOMER NORTON, in the BA3 postcode district. The below map shows the position of No. 4 on CHAFFINCH DRIVE.