HOMELEA, MORLEY TERRACE, RADSTOCK, BA3 3HU - £176,000

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.

HOMELEA is a very small detached house of 65m², built sometime between 1930 and 1949, which could now be worth an estimated £269,812. It was last sold for £176,000 in November 2014, which was around 62% below the average November 2014 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was July 2014, where the current energy rating was G, 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 Bath and North East Somerset local authority area for the corresponding sale date. All of the three HOMELEA sales 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
2014 6 NOV	£176,000	£459,059	62% below HPI
2008 6 AUG	£150,000	£381,928	61% below HPI
2001 23 MAR	£105,000	£204,582	49% below HPI

HOMELEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The three HOMELEA sales between March 2001 and November 2014 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 August 2008 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the November 2014 sale, where it falls to 62% below the HPI. The line then continues to track at 62% below the HPI.

What might HOMELEA be worth now?

HOMELEA might now be worth an estimated £269,812.

This is based on house price inflation of 53.3%, between November 2014 and February 2025, for detached houses, in the Bath and North East Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 53.3% inflationary increase is applied to the most recent sale price for HOMELEA of £176,000 on 6th November 2014. For the value to have increased from £176,000 to £269,812 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of HOMELEA has moved in line with the HPI for detached houses in the Bath and North East Somerset local authority area.
• The November 2014 sale price of £176,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELEA has not materially changed since November 2014.

How Large is HOMELEA?

HOMELEA is 65m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of detached houses houses in Radstock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Radstock, and where HOMELEA lies on this distribution: 3% of detached houses houses are smaller than HOMELEA, and 97% of houses are larger. Note that EPC data is not available for all properties in Radstock.

HOMELEA: Plot and Title Map

HOMELEA sits on a plot of roughly 0.234 of an acre, or 946m². 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 MORLEY TERRACE in RADSTOCK, in the BA3 postcode district. The below map shows the position of HOMELEA on MORLEY TERRACE.