DROVE HOUSE, NORVILLE LANE, CHEDDAR, BS27 3HJ - £400,000

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

DROVE HOUSE is a small extended detached house of 114m², built sometime between 1976 and 1982. It was last sold for £400,000 in March 2021, which was around 4% above the average March 2021 detached price in the Somerset local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was C.

DROVE HOUSE Sold Prices

Land registry data shows three sales for DROVE HOUSE 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. All of the three DROVE HOUSE sales were 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
2021 23 MAR	£400,000	£383,957	4% above HPI
2012 6 JUL	£280,000	£269,280	4% above HPI
2002 18 NOV	£220,000	£202,330	9% above HPI

DROVE HOUSE 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 DROVE HOUSE sales between November 2002 and March 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 July 2012 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the March 2021 sale, which was also at 4% above the HPI.

How Large is DROVE HOUSE?

DROVE HOUSE is 114m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 40% of detached houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses by size in Cheddar, and where DROVE HOUSE lies on this distribution: 40% of detached houses are smaller than DROVE HOUSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

DROVE HOUSE: Plot and Title Map

DROVE HOUSE sits on a plot of roughly 0.132 of an acre, or 534m². The below map shows the location of DROVE HOUSE, 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 DROVE HOUSE). 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 DROVE HOUSE?

DROVE HOUSE is located on NORVILLE LANE in CHEDDAR, in the BS27 postcode district. The below map shows the position of DROVE HOUSE on NORVILLE LANE.