8, LOWER PARK, MINEHEAD, TA24 8AX - £302,500

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.

8 LOWER PARK is a very large extended semi-detached house of 168m², built sometime between 1930 and 1949, which could now be worth an estimated £471,590. It was last sold for £302,500 in August 2014, which was around 63% above the average August 2014 semi-detached price in the Somerset local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was C.

8 LOWER PARK Sold Prices

Land registry data shows two sales for 8 LOWER PARK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Somerset local authority area for the corresponding sale date. Both of the two 8 LOWER PARK 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
2014 1 AUG	£302,500	£185,683	63% above HPI
2003 5 DEC	£267,500	£140,775	90% above HPI

8 LOWER PARK Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Somerset local authority area over time, sourced from the HPI. The two 8 LOWER PARK sales from December 2003 and August 2014 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 December 2003 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the August 2014 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 8 LOWER PARK be worth now?

8 LOWER PARK might now be worth an estimated £471,590.

This is based on house price inflation of 55.9%, between August 2014 and February 2025, for semi-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 55.9% inflationary increase is applied to the most recent sale price for 8 LOWER PARK of £302,500 on 1st August 2014. For the value to have increased from £302,500 to £471,590 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 8 LOWER PARK has moved in line with the HPI for semi-detached houses in the Somerset local authority area.
• The August 2014 sale price of £302,500 represented a fair market value for the property.
• The size, condition, and specification of 8 LOWER PARK has not materially changed since August 2014.

How Large is 8 LOWER PARK?

8 LOWER PARK is 168m², which includes two extensions, according to the EPC inspection conducted in November 2012. This puts it in the largest 20% of semi-detached houses houses in Minehead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Minehead, and where 8 LOWER PARK lies on this distribution: 86% of semi-detached houses houses are smaller than 8 LOWER PARK, and 14% of houses are larger. Note that EPC data is not available for all properties in Minehead.

8 LOWER PARK: Plot and Title Map

8 LOWER PARK sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of 8 LOWER PARK, 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 LOWER PARK). 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 LOWER PARK?

8 LOWER PARK is located in MINEHEAD, in the TA24 postcode district. The below map shows the position of No. 8 on LOWER PARK.