FAIRMEAD, SOUTH CLOSE, LYMPSHAM, WESTON-SUPER-MARE, BS24 0DZ - £500,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FAIRMEAD is a small extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £500,000 in August 2021, which was around 28% above the average August 2021 detached price in the Somerset local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was B.

FAIRMEAD Sold Prices

Land registry data shows three sales for FAIRMEAD 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 FAIRMEAD 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
2021 24 AUG	£500,000	£389,899	28% above HPI
2015 22 JUN	£365,000	£299,758	22% above HPI
2004 29 APR	£207,500	£236,810	12% below HPI

FAIRMEAD 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 FAIRMEAD sales between April 2004 and August 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 June 2015 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is FAIRMEAD?

FAIRMEAD is 107m², which includes two extensions, according to the EPC inspection conducted in April 2021. This puts it in the smallest 30% of detached houses in Lympsham, based on EPC data. The below chart shows the distribution of detached houses by size in Lympsham, and where FAIRMEAD lies on this distribution: 22% of detached houses are smaller than FAIRMEAD, and 78% of houses are larger. Note that EPC data is not available for all properties in Lympsham.

FAIRMEAD: Plot and Title Map

FAIRMEAD sits on a plot of roughly 0.210 of an acre, or 852m². The below map shows the location of FAIRMEAD, 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 FAIRMEAD). 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 FAIRMEAD?

FAIRMEAD is located on SOUTH CLOSE in LYMPSHAM, in the BS24 postcode district. The below map shows the position of FAIRMEAD on SOUTH CLOSE.