8, PARK LANE, CANNINGTON, BRIDGWATER, TA5 2LU - £300,000

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 PARK LANE is a very small detached house of 73m², built sometime between 1950 and 1966. It was last sold for £300,000 in August 2020, which was around 18% below the average August 2020 detached price in the Somerset local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

8 PARK LANE Sold Prices

Land registry data shows three sales for 8 PARK 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. All of the three 8 PARK LANE 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
2020 18 AUG	£300,000	£367,260	18% below HPI
2015 23 OCT	£295,000	£309,594	5% below HPI
2005 2 AUG	£190,000	£258,250	26% below HPI

8 PARK 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 PARK LANE sales between August 2005 and August 2020 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 2015 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 8 PARK LANE?

8 PARK LANE is 73m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses in Cannington, based on EPC data. The below chart shows the distribution of detached houses by size in Cannington, and where 8 PARK LANE lies on this distribution: 4% of detached houses are smaller than 8 PARK LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Cannington.

8 PARK LANE: Plot and Title Map

8 PARK LANE sits on a plot of roughly 0.378 of an acre, or 1,530m². The below map shows the location of 8 PARK 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 PARK 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 PARK LANE?

8 PARK LANE is located in CANNINGTON, in the TA5 postcode district. The below map shows the position of No. 8 on PARK LANE.