8, PAGANEL WAY, MINEHEAD, TA24 5HA - £285,000

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 PAGANEL WAY is a very small semi-detached house of 62m², built sometime between 1950 and 1966. It was last sold for £285,000 in September 2023, which was around 36% below the average September 2023 detached price in the Somerset local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was C.

8 PAGANEL WAY Sold Prices

Land registry data shows four sales for 8 PAGANEL WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the four 8 PAGANEL WAY 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 12 SEP	£285,000	£446,388	36% below HPI
2023 7 JUL	£240,000	£438,150	45% below HPI
2003 7 MAR	£150,000	£210,925	29% below HPI
1999 29 MAR	£66,500	£106,218	37% below HPI

8 PAGANEL WAY 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 four 8 PAGANEL WAY sales between March 1999 and September 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 July 2023 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2023 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 8 PAGANEL WAY?

8 PAGANEL WAY is 62m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% of detached houses in Minehead, based on EPC data. The below chart shows the distribution of detached houses by size in Minehead, and where 8 PAGANEL WAY lies on this distribution: 4% of detached houses are smaller than 8 PAGANEL WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Minehead.

8 PAGANEL WAY: Plot and Title Map

8 PAGANEL WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 8 PAGANEL WAY, 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 PAGANEL WAY). 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 PAGANEL WAY?

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