CORNERWAYS, FURZELAND ROAD, PORLOCK, MINEHEAD, TA24 8NF - £555,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

CORNERWAYS is a small extended detached house of 119m², built sometime between 1930 and 1949. It was last sold for £555,000 in August 2022, which was around 24% above the average August 2022 detached price in the Somerset local authority area. The most recent EPC inspection was May 2022, where the current energy rating was E, and the potential energy rating was C.

CORNERWAYS Sold Prices

Land registry data shows three sales for CORNERWAYS 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 CORNERWAYS sales were for above the average price, whilst one 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
2022 1 AUG	£555,000	£447,452	24% above HPI
2010 14 APR	£315,000	£269,460	17% above HPI
1999 24 AUG	£114,000	£114,801	1% below HPI

CORNERWAYS 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 CORNERWAYS sales between August 1999 and August 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 April 2010 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the August 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is CORNERWAYS?

CORNERWAYS is 119m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 40% of detached houses in Porlock, based on EPC data. The below chart shows the distribution of detached houses by size in Porlock, and where CORNERWAYS lies on this distribution: 39% of detached houses are smaller than CORNERWAYS, and 60% of houses are larger. Note that EPC data is not available for all properties in Porlock.

CORNERWAYS: Plot and Title Map

CORNERWAYS sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of CORNERWAYS, 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 CORNERWAYS). 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 CORNERWAYS?

CORNERWAYS is located on FURZELAND ROAD in PORLOCK, in the TA24 postcode district. The below map shows the position of CORNERWAYS on FURZELAND ROAD.