GREENACRES, FURZELAND ROAD, PORLOCK, MINEHEAD, TA24 8NF - £300,000

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

GREENACRES is a large extended detached house of 160m², built sometime between 1930 and 1949. It was last sold for £300,000 in November 2016, which was around 9% below the average November 2016 detached price in the Somerset local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

GREENACRES Sold Prices

Land registry data shows two sales for GREENACRES 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. One of the two GREENACRES sales was for below the average price, whilst the other was 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
2016 17 NOV	£300,000	£328,423	9% below HPI
1996 25 JUN	£98,000	£84,387	16% above HPI

GREENACRES 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 GREENACRES sales from June 1996 and November 2016 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 1996 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the November 2016 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is GREENACRES?

GREENACRES is 160m², which includes three extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 40% of detached houses in Porlock, based on EPC data. The below chart shows the distribution of detached houses by size in Porlock, and where GREENACRES lies on this distribution: 68% of detached houses are smaller than GREENACRES, and 32% of houses are larger. Note that EPC data is not available for all properties in Porlock.

GREENACRES: Plot and Title Map

GREENACRES sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of GREENACRES, 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 GREENACRES). 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 GREENACRES?

GREENACRES is located on FURZELAND ROAD in PORLOCK, in the TA24 postcode district. The below map shows the position of GREENACRES on FURZELAND ROAD.