7, WAITS CLOSE, BANWELL, BS29 6HH - £325,000

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 WAITS CLOSE is a very small detached house of 58m², built sometime between 1967 and 1975. It was last sold for £325,000 in March 2023, which was around 37% below the average March 2023 detached price in the North Somerset local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

7 WAITS CLOSE Sold Prices

Land registry data shows four sales for 7 WAITS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Somerset local authority area for the corresponding sale date. All of the four 7 WAITS 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
2023 17 MAR	£325,000	£518,275	37% below HPI
2011 11 AUG	£183,000	£283,885	36% below HPI
2002 7 JUN	£111,000	£186,111	40% below HPI
1997 15 AUG	£55,000	£101,915	46% below HPI

7 WAITS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Somerset local authority area over time, sourced from the HPI. The four 7 WAITS CLOSE sales between August 1997 and March 2023 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 August 2011 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the March 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 7 WAITS CLOSE?

7 WAITS CLOSE is 58m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Banwell, based on EPC data. The below chart shows the distribution of detached houses by size in Banwell, and where 7 WAITS CLOSE lies on this distribution: 1% of detached houses are smaller than 7 WAITS CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Banwell.

7 WAITS CLOSE: Plot and Title Map

7 WAITS CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 7 WAITS 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 WAITS 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 WAITS CLOSE?

7 WAITS CLOSE is located in BANWELL, in the BS29 postcode district. The below map shows the position of No. 7 on WAITS CLOSE.