KISMET, FAYREWAY, CROSCOMBE, WELLS, BA5 3RQ - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

KISMET is a very large extended detached house of 198m², built sometime between 1950 and 1966, which could now be worth an estimated £522,825. It was last sold for £425,000 in September 2018, which was around 14% above the average September 2018 detached price in the Somerset local authority area. The most recent EPC inspection was November 2016, where the current energy rating was D, and the potential energy rating was C.

KISMET Sold Prices

Land registry data shows three sales for KISMET 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. The three KISMET sales were a mix of above the average price, and roughly equal to 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
2018 20 SEP	£425,000	£372,219	14% above HPI
2005 19 OCT	£355,000	£265,974	33% above HPI
2001 1 FEB	£142,500	£142,297	Close to HPI

KISMET 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 KISMET sales between February 2001 and September 2018 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 2005 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the September 2018 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might KISMET be worth now?

KISMET might now be worth an estimated £522,825.

This is based on house price inflation of 23%, between September 2018 and December 2024, 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 23% inflationary increase is applied to the most recent sale price for KISMET of £425,000 on 20th September 2018. For the value to have increased from £425,000 to £522,825 over the five years and nine months to December 2024, the following assumptions must hold true:

• The value of KISMET has moved in line with the HPI for detached houses in the Somerset local authority area.
• The September 2018 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of KISMET has not materially changed since September 2018.

How Large is KISMET?

KISMET is 198m², which includes two extensions, according to the EPC inspection conducted in November 2016. This puts it in the largest 20% of detached houses houses in Croscombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Croscombe, and where KISMET lies on this distribution: 87% of detached houses houses are smaller than KISMET, and 13% of houses are larger. Note that EPC data is not available for all properties in Croscombe.

KISMET: Plot and Title Map

KISMET sits on a plot of roughly 0.164 of an acre, or 662m². The below map shows the location of KISMET, 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 KISMET). 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 KISMET?

KISMET is located on FAYREWAY in CROSCOMBE, in the BA5 postcode district. The below map shows the position of KISMET on FAYREWAY.