ELM COTTAGE, KNOWLE LANE, WOOKEY, WELLS, BA5 1LB - £470,000

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.

ELM COTTAGE is a large extended detached house of 160m², built sometime between 1950 and 1966, which could now be worth an estimated £633,092. It was last sold for £470,000 in January 2017, which was around 38% above the average January 2017 detached price in the Somerset local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

ELM COTTAGE Sold Prices

Land registry data shows two sales for ELM COTTAGE 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 ELM COTTAGE 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
2017 4 JAN	£470,000	£341,817	38% above HPI
2001 16 JUL	£176,000	£155,796	13% above HPI

ELM COTTAGE 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 ELM COTTAGE sales from July 2001 and January 2017 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 2001 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the January 2017 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

What might ELM COTTAGE be worth now?

ELM COTTAGE might now be worth an estimated £633,092.

This is based on house price inflation of 34.7%, between January 2017 and February 2025, 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 34.7% inflationary increase is applied to the most recent sale price for ELM COTTAGE of £470,000 on 4th January 2017. For the value to have increased from £470,000 to £633,092 over the seven years and eleven months to February 2025, the following assumptions must hold true:

• The value of ELM COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The January 2017 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of ELM COTTAGE has not materially changed since January 2017.

How Large is ELM COTTAGE?

ELM COTTAGE is 160m², which includes three extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 30% of detached houses houses in Wookey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wookey, and where ELM COTTAGE lies on this distribution: 80% of detached houses houses are smaller than ELM COTTAGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Wookey.

ELM COTTAGE: Plot and Title Map

ELM COTTAGE sits on a plot of roughly 0.126 of an acre, or 508m². The below map shows the location of ELM COTTAGE, 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 ELM COTTAGE). 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 ELM COTTAGE?

ELM COTTAGE is located on KNOWLE LANE in WOOKEY, in the BA5 postcode district. The below map shows the position of ELM COTTAGE on KNOWLE LANE.