8, SPENCER DRIVE, MIDSOMER NORTON, RADSTOCK, BA3 2DN - £220,000

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 SPENCER DRIVE is a very small extended detached house of 83m², built sometime between 1996 and 2002. It was last sold for £220,000 in January 2014, which was around 47% below the average January 2014 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

8 SPENCER DRIVE Sold Prices

Land registry data shows two sales for 8 SPENCER DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bath and North East Somerset local authority area for the corresponding sale date. Both of the two 8 SPENCER DRIVE 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
2014 22 JAN	£220,000	£415,487	47% below HPI
1999 26 MAR	£88,000	£140,866	38% below HPI

8 SPENCER DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The two 8 SPENCER DRIVE sales from March 1999 and January 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 March 1999 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the January 2014 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 8 SPENCER DRIVE?

8 SPENCER DRIVE is 83m², which includes one extension, according to the EPC inspection conducted in January 2013. This puts it in the smallest 20% of detached houses in Midsomer Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Midsomer Norton, and where 8 SPENCER DRIVE lies on this distribution: 19% of detached houses are smaller than 8 SPENCER DRIVE, and 81% of houses are larger. Note that EPC data is not available for all properties in Midsomer Norton.

8 SPENCER DRIVE: Plot and Title Map

8 SPENCER DRIVE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 8 SPENCER DRIVE, 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 SPENCER DRIVE). 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 SPENCER DRIVE?

8 SPENCER DRIVE is located in MIDSOMER NORTON, in the BA3 postcode district. The below map shows the position of No. 8 on SPENCER DRIVE.