7, THE LERBURNE, WEDMORE, BS28 4ED - £637,500

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.

7 THE LERBURNE is a large detached house of 164m², built sometime between 1976 and 1982, which could now be worth an estimated £741,129. It was last sold for £637,500 in March 2021, which was around 61% above the average March 2021 detached price in the Somerset local authority area. The most recent EPC inspection was August 2020, where the current energy rating was B, and the potential energy rating was B.

7 THE LERBURNE Sold Prices

Land registry data shows three sales for 7 THE LERBURNE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three 7 THE LERBURNE 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 1 MAR	£637,500	£396,049	61% above HPI
2004 23 FEB	£357,050	£239,210	49% above HPI
2003 31 OCT	£295,000	£233,715	26% above HPI

7 THE LERBURNE 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 three 7 THE LERBURNE sales between October 2003 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 February 2004 sale was for 49% above the HPI. So the extrapolation line tracks at 49% above the HPI over time, until the March 2021 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 7 THE LERBURNE be worth now?

7 THE LERBURNE might now be worth an estimated £741,129.

This is based on house price inflation of 16.3%, between March 2021 and February 2025, 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 16.3% inflationary increase is applied to the most recent sale price for 7 THE LERBURNE of £637,500 on 1st March 2021. For the value to have increased from £637,500 to £741,129 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of 7 THE LERBURNE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2021 sale price of £637,500 represented a fair market value for the property.
• The size, condition, and specification of 7 THE LERBURNE has not materially changed since March 2021.

How Large is 7 THE LERBURNE?

7 THE LERBURNE is 164m² according to the EPC inspection conducted in August 2020. This puts it in the largest 30% of detached houses houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wedmore, and where 7 THE LERBURNE lies on this distribution: 70% of detached houses houses are smaller than 7 THE LERBURNE, and 30% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

7 THE LERBURNE: Plot and Title Map

7 THE LERBURNE sits on a plot of roughly 0.150 of an acre, or 609m². The below map shows the location of 7 THE LERBURNE, 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 THE LERBURNE). 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 THE LERBURNE?

7 THE LERBURNE is located in WEDMORE, in the BS28 postcode district. The below map shows the position of No. 7 on THE LERBURNE.