CHESTNUT LODGE, MONGER LANE, MIDSOMER NORTON, RADSTOCK, BA3 2SP - £297,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

CHESTNUT LODGE is a small detached house of 88m², which could now be worth an estimated £315,280. It was last sold for £297,000 in October 2021, which was around 54% below the average October 2021 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was July 2018, where the current energy rating was B, and the potential energy rating was B.

CHESTNUT LODGE Sold Prices

Land registry data shows two sales for CHESTNUT LODGE 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 CHESTNUT LODGE 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
2021 29 OCT	£297,000	£646,841	54% below HPI
2018 23 OCT	£240,000	£570,542	58% below HPI

CHESTNUT LODGE 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 CHESTNUT LODGE sales from October 2018 and October 2021 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 2018 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the October 2021 sale, where it rises to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might CHESTNUT LODGE be worth now?

CHESTNUT LODGE might now be worth an estimated £315,280.

This is based on house price inflation of 6.2%, between October 2021 and March 2025, for detached houses, in the Bath and North East Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.2% inflationary increase is applied to the most recent sale price for CHESTNUT LODGE of £297,000 on 29th October 2021. For the value to have increased from £297,000 to £315,280 over the four years and seven months to March 2025, the following assumptions must hold true:

• The value of CHESTNUT LODGE has moved in line with the HPI for detached houses in the Bath and North East Somerset local authority area.
• The October 2021 sale price of £297,000 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT LODGE has not materially changed since October 2021.

How Large is CHESTNUT LODGE?

CHESTNUT LODGE is 88m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 30% of detached houses houses in Midsomer Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Midsomer Norton, and where CHESTNUT LODGE lies on this distribution: 26% of detached houses houses are smaller than CHESTNUT LODGE, and 74% of houses are larger. Note that EPC data is not available for all properties in Midsomer Norton.

CHESTNUT LODGE: Plot and Title Map

CHESTNUT LODGE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of CHESTNUT LODGE, 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 CHESTNUT LODGE). 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 CHESTNUT LODGE?

CHESTNUT LODGE is located on MONGER LANE in MIDSOMER NORTON, in the BA3 postcode district. The below map shows the position of CHESTNUT LODGE on MONGER LANE.