7, LOWER STREET, MERRIOTT, TA16 5NL - £385,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 LOWER STREET is a midsized extended detached house of 113m², built sometime between 1976 and 1982. It was last sold for £385,000 in February 2021, which was around 1% below the average February 2021 detached price in the Somerset local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

7 LOWER STREET Sold Prices

Land registry data shows two sales for 7 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 7 LOWER STREET 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
2021 15 FEB	£385,000	£387,601	1% below HPI
2004 23 JAN	£185,000	£231,710	20% below HPI

7 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 7 LOWER STREET sales from January 2004 and February 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 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2021 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 7 LOWER STREET?

7 LOWER STREET is 113m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 50% of detached houses in Merriott, based on EPC data. The below chart shows the distribution of detached houses by size in Merriott, and where 7 LOWER STREET lies on this distribution: 45% of detached houses are smaller than 7 LOWER STREET, and 53% of houses are larger. Note that EPC data is not available for all properties in Merriott.

7 LOWER STREET: Plot and Title Map

7 LOWER STREET sits on a plot of roughly 0.237 of an acre, or 961m². The below map shows the location of 7 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 7 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 7 LOWER STREET?

7 LOWER STREET is located in MERRIOTT, in the TA16 postcode district. The below map shows the position of No. 7 on LOWER STREET.