CHAMINGS, HIGHER STREET, MERRIOTT, TA16 5PJ - £375,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CHAMINGS is a midsized extended detached house of 113m², built sometime between 1976 and 1982, which could now be worth an estimated £391,939. It was last sold for £375,000 in March 2022, which was around 14% below the average March 2022 detached price in the Somerset local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

CHAMINGS Sold Prices

Land registry data shows three sales for CHAMINGS 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 CHAMINGS sales were for below the average price, whilst one was 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
2022 18 MAR	£375,000	£438,106	14% below HPI
2011 15 FEB	£285,000	£279,980	2% above HPI
2006 4 MAY	£211,000	£267,903	21% below HPI

CHAMINGS 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 CHAMINGS sales between May 2006 and March 2022 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 February 2011 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the March 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might CHAMINGS be worth now?

CHAMINGS might now be worth an estimated £391,939.

This is based on house price inflation of 4.5%, between March 2022 and December 2024, for 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 4.5% inflationary increase is applied to the most recent sale price for CHAMINGS of £375,000 on 18th March 2022. For the value to have increased from £375,000 to £391,939 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of CHAMINGS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2022 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of CHAMINGS has not materially changed since March 2022.

How Large is CHAMINGS?

CHAMINGS is 113m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 50% of detached houses houses in Merriott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Merriott, and where CHAMINGS lies on this distribution: 45% of detached houses houses are smaller than CHAMINGS, and 53% of houses are larger. Note that EPC data is not available for all properties in Merriott.

CHAMINGS: Plot and Title Map

CHAMINGS sits on a plot of roughly 0.142 of an acre, or 574m². The below map shows the location of CHAMINGS, 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 CHAMINGS). 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 CHAMINGS?

CHAMINGS is located on HIGHER STREET in MERRIOTT, in the TA16 postcode district. The below map shows the position of CHAMINGS on HIGHER STREET.