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

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

ELM COTTAGE is a very large extended detached house of 160m², built sometime between 1950 and 1966. It was last sold for £470,000 in January 2017, which was around 42% 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	£331,381	42% above HPI
2001 16 JUL	£176,000	£151,039	17% 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 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the January 2017 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

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 20% of detached houses in Wookey, based on EPC data. The below chart shows the distribution of detached houses by size in Wookey, and where ELM COTTAGE lies on this distribution: 81% of detached houses are smaller than ELM COTTAGE, and 19% 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.