8, MILL LANE, NETHER STOWEY, BRIDGWATER, TA5 1NL - £535,000

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

8 MILL LANE is a very large detached house of 186m², built sometime between 2003 and 2006. It was last sold for £535,000 in February 2018, which was around 53% above the average February 2018 detached price in the Somerset local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was C.

8 MILL LANE Sold Prices

Land registry data shows three sales for 8 MILL LANE 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. Two of the three 8 MILL LANE sales were for above the average price, whilst one was 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
2018 16 FEB	£535,000	£349,935	53% above HPI
2010 20 JAN	£275,000	£267,802	3% above HPI
2000 17 MAR	£125,000	£126,129	1% below HPI

8 MILL LANE 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 MILL LANE sales between March 2000 and February 2018 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 2010 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2018 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 8 MILL LANE?

8 MILL LANE is 186m² according to the EPC inspection conducted in October 2017. This puts it in the largest 20% of detached houses in Nether Stowey, based on EPC data. The below chart shows the distribution of detached houses by size in Nether Stowey, and where 8 MILL LANE lies on this distribution: 90% of detached houses are smaller than 8 MILL LANE, and 10% of houses are larger. Note that EPC data is not available for all properties in Nether Stowey.

8 MILL LANE: Plot and Title Map

8 MILL LANE sits on a plot of roughly 0.392 of an acre, or 1,585m². The below map shows the location of 8 MILL LANE, 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 MILL LANE). 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 MILL LANE?

8 MILL LANE is located in NETHER STOWEY, in the TA5 postcode district. The below map shows the position of No. 8 on MILL LANE.