47, LOWER STREET, MERRIOTT, TA16 5NN - £425,000

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

47 LOWER STREET is a large extended detached house of 158m², built sometime before 1900, which could now be worth an estimated £491,367. It was last sold for £425,000 in March 2021, which was around 7% above the average March 2021 detached price in the Somerset local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

47 LOWER STREET Sold Prices

Land registry data shows two sales for 47 LOWER 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. Both of the two 47 LOWER STREET 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
2021 24 MAR	£425,000	£396,049	7% above HPI
2016 5 JAN	£325,000	£322,981	1% above HPI

47 LOWER 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 47 LOWER STREET sales from January 2016 and March 2021 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 2016 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2021 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 47 LOWER STREET be worth now?

47 LOWER STREET might now be worth an estimated £491,367.

This is based on house price inflation of 15.6%, between March 2021 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 15.6% inflationary increase is applied to the most recent sale price for 47 LOWER STREET of £425,000 on 24th March 2021. For the value to have increased from £425,000 to £491,367 over the two years and three months to December 2024, the following assumptions must hold true:

• The value of 47 LOWER STREET has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 47 LOWER STREET has not materially changed since March 2021.

How Large is 47 LOWER STREET?

47 LOWER STREET is 158m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses houses in Merriott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Merriott, and where 47 LOWER STREET lies on this distribution: 76% of detached houses houses are smaller than 47 LOWER STREET, and 24% of houses are larger. Note that EPC data is not available for all properties in Merriott.

47 LOWER STREET: Plot and Title Map

47 LOWER STREET sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of 47 LOWER 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 47 LOWER 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 47 LOWER STREET?

47 LOWER STREET is located in MERRIOTT, in the TA16 postcode district. The below map shows the position of No. 47 on LOWER STREET.