7, CREASE CLOSE, WELLS, BA5 2DH - £315,000

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

7 CREASE CLOSE is a very small semi-detached house of 74m², built sometime between 1991 and 1995. It was last sold for £315,000 in October 2018, which was around 13% below the average October 2018 detached price in the Somerset local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

7 CREASE CLOSE Sold Prices

Land registry data shows six sales for 7 CREASE CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the six 7 CREASE CLOSE 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
2018 26 OCT	£315,000	£360,682	13% below HPI
2015 9 MAR	£240,000	£295,179	19% below HPI
2001 29 AUG	£120,500	£153,128	21% below HPI
2000 8 NOV	£110,000	£142,539	23% below HPI
2000 31 JUL	£110,000	£136,441	19% below HPI
1995 25 AUG	£79,845	£83,894	5% below HPI

7 CREASE CLOSE 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 six 7 CREASE CLOSE sales between August 1995 and October 2018 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 March 2015 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2018 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 7 CREASE CLOSE?

7 CREASE CLOSE is 74m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 10% of detached houses in Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Wells, and where 7 CREASE CLOSE lies on this distribution: 7% of detached houses are smaller than 7 CREASE CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Wells.

7 CREASE CLOSE: Plot and Title Map

7 CREASE CLOSE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 7 CREASE CLOSE, 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 7 CREASE CLOSE). 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 7 CREASE CLOSE?

7 CREASE CLOSE is located in WELLS, in the BA5 postcode district. The below map shows the position of No. 7 on CREASE CLOSE.