HOMELEA, GOOSE LANE, HORTON, ILMINSTER, TA19 9QQ - £460,000

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

HOMELEA is a very small detached house of 90m², built sometime between 1983 and 1990. It was last sold for £460,000 in March 2022, which was around 8% above the average March 2022 detached price in the Somerset local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

HOMELEA Sold Prices

Land registry data shows three sales for HOMELEA 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. One of the three HOMELEA sales was for above the average price, whilst two were 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
2022 28 MAR	£460,000	£424,729	8% above HPI
2014 16 OCT	£285,000	£294,639	3% below HPI
2013 31 JUL	£226,000	£272,749	17% below HPI

HOMELEA 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 HOMELEA sales between July 2013 and March 2022 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 October 2014 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2022 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is HOMELEA?

HOMELEA is 90m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 20% of detached houses in Horton, based on EPC data. The below chart shows the distribution of detached houses by size in Horton, and where HOMELEA lies on this distribution: 18% of detached houses are smaller than HOMELEA, and 82% of houses are larger. Note that EPC data is not available for all properties in Horton.

HOMELEA: Plot and Title Map

HOMELEA sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of HOMELEA, 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 HOMELEA). 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 HOMELEA?

HOMELEA is located on GOOSE LANE in HORTON, in the TA19 postcode district. The below map shows the position of HOMELEA on GOOSE LANE.