IDLESS, MARCH LANE, GALHAMPTON, YEOVIL, BA22 7AN - £375,000

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.

IDLESS is a very small extended detached house of 101m², built sometime between 1967 and 1975, which could now be worth an estimated £437,093. It was last sold for £375,000 in April 2021, which was around 5% below the average April 2021 detached price in the Somerset local authority area. The most recent EPC inspection was October 2020, where the current energy rating was F, and the potential energy rating was C.

IDLESS Sold Prices

Land registry data shows two sales for IDLESS 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 IDLESS 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
2021 19 APR	£375,000	£395,021	5% below HPI
2021 11 MAR	£323,000	£396,049	18% below HPI

IDLESS 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 IDLESS sales from March 2021 and April 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 March 2021 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the April 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might IDLESS be worth now?

IDLESS might now be worth an estimated £437,093.

This is based on house price inflation of 16.6%, between April 2021 and February 2025, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.6% inflationary increase is applied to the most recent sale price for IDLESS of £375,000 on 19th April 2021. For the value to have increased from £375,000 to £437,093 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of IDLESS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The April 2021 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of IDLESS has not materially changed since April 2021.

How Large is IDLESS?

IDLESS is 101m², which includes two extensions, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% of detached houses houses in Galhampton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Galhampton, and where IDLESS lies on this distribution: 19% of detached houses houses are smaller than IDLESS, and 79% of houses are larger. Note that EPC data is not available for all properties in Galhampton.

IDLESS: Plot and Title Map

IDLESS sits on a plot of roughly 0.144 of an acre, or 582m². The below map shows the location of IDLESS, 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 IDLESS). 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 IDLESS?

IDLESS is located on MARCH LANE in GALHAMPTON, in the BA22 postcode district. The below map shows the position of IDLESS on MARCH LANE.