8, CREASE CLOSE, WELLS, BA5 2DH - £232,500

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

8 CREASE CLOSE is a very small extended semi-detached house of 81m², built sometime between 1991 and 1995. It was last sold for £232,500 in June 2015, which was around 22% below the average June 2015 detached price in the Somerset local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

8 CREASE CLOSE Sold Prices

Land registry data shows three sales for 8 CREASE CLOSE 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 8 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
2015 19 JUN	£232,500	£299,758	22% below HPI
2011 4 OCT	£198,000	£273,294	28% below HPI
1995 14 JUL	£80,345	£84,235	5% below HPI

8 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 three 8 CREASE CLOSE sales between July 1995 and June 2015 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 October 2011 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2015 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 8 CREASE CLOSE?

8 CREASE CLOSE is 81m², which includes two extensions, according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of detached houses in Wells, based on EPC data. The below chart shows the distribution of detached houses by size in Wells, and where 8 CREASE CLOSE lies on this distribution: 11% of detached houses are smaller than 8 CREASE CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Wells.

8 CREASE CLOSE: Plot and Title Map

8 CREASE CLOSE sits on a plot of roughly 0.068 of an acre, or 273m². The below map shows the location of 8 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 8 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 8 CREASE CLOSE?

8 CREASE CLOSE is located in WELLS, in the BA5 postcode district. The below map shows the position of No. 8 on CREASE CLOSE.