CLEVELAND, OLIVERS LANE, BROADWAY, ILMINSTER, TA19 9SB - £625,000

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

CLEVELAND is a very large extended detached house of 204m², built sometime between 1996 and 2002. It was last sold for £625,000 in June 2020, which was around 74% above the average June 2020 detached price in the Somerset local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

CLEVELAND Sold Prices

Land registry data shows two sales for CLEVELAND since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. One of the two CLEVELAND sales was for above the average price, whilst the other was 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 10 JUN	£625,000	£360,172	74% above HPI
2002 5 APR	£70,000	£168,638	58% below HPI

CLEVELAND 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 two CLEVELAND sales from April 2002 and June 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 April 2002 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the June 2020 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

How Large is CLEVELAND?

CLEVELAND is 204m², which includes two extensions, according to the EPC inspection conducted in December 2019. This puts it in the largest 20% of detached houses in Broadway, based on EPC data. The below chart shows the distribution of detached houses by size in Broadway, and where CLEVELAND lies on this distribution: 86% of detached houses are smaller than CLEVELAND, and 14% of houses are larger. Note that EPC data is not available for all properties in Broadway.

CLEVELAND: Plot and Title Map

CLEVELAND sits on a plot of roughly 0.159 of an acre, or 642m². The below map shows the location of CLEVELAND, 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 CLEVELAND). 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 CLEVELAND?

CLEVELAND is located on OLIVERS LANE in BROADWAY, in the TA19 postcode district. The below map shows the position of CLEVELAND on OLIVERS LANE.