ELDERWELL, LONG STREET, CROSCOMBE, WELLS, BA5 3QH - £637,500

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

ELDERWELL is a very large extended detached house of 192m², built sometime between 1996 and 2002, which could now be worth an estimated £702,934. It was last sold for £637,500 in October 2021, which was around 54% above the average October 2021 detached price in the Somerset local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

ELDERWELL Sold Prices

Land registry data shows two sales for ELDERWELL 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. Both of the two ELDERWELL 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 13 OCT	£637,500	£415,271	54% above HPI
2013 24 SEP	£490,000	£286,800	71% above HPI

ELDERWELL 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 ELDERWELL sales from September 2013 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 September 2013 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the October 2021 sale, where it falls to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might ELDERWELL be worth now?

ELDERWELL might now be worth an estimated £702,934.

This is based on house price inflation of 10.3%, between October 2021 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 10.3% inflationary increase is applied to the most recent sale price for ELDERWELL of £637,500 on 13th October 2021. For the value to have increased from £637,500 to £702,934 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of ELDERWELL has moved in line with the HPI for detached houses in the Somerset local authority area.
• The October 2021 sale price of £637,500 represented a fair market value for the property.
• The size, condition, and specification of ELDERWELL has not materially changed since October 2021.

How Large is ELDERWELL?

ELDERWELL is 192m², which includes four extensions, according to the EPC inspection conducted in August 2021. This puts it in the largest 20% of detached houses houses in Croscombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Croscombe, and where ELDERWELL lies on this distribution: 84% of detached houses houses are smaller than ELDERWELL, and 16% of houses are larger. Note that EPC data is not available for all properties in Croscombe.

ELDERWELL: Plot and Title Map

ELDERWELL sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of ELDERWELL, 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 ELDERWELL). 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 ELDERWELL?

ELDERWELL is located on LONG STREET in CROSCOMBE, in the BA5 postcode district. The below map shows the position of ELDERWELL on LONG STREET.