KNAPP COTTAGE, SUGGS LANE, BROADWAY, ILMINSTER, TA19 9RJ - £135,000

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

KNAPP COTTAGE is a small extended detached house of 114m², built sometime before 1900, which could now be worth an estimated £264,492. It was last sold for £135,000 in October 2003, which was around 42% below the average October 2003 detached price in the Somerset local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was B.

KNAPP COTTAGE Sold Prices

Land registry data shows two sales for KNAPP COTTAGE 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 KNAPP COTTAGE 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
2003 17 OCT	£135,000	£233,715	42% below HPI
1999 4 OCT	£51,000	£123,953	59% below HPI

KNAPP COTTAGE 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 KNAPP COTTAGE sales from October 1999 and October 2003 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 1999 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the October 2003 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might KNAPP COTTAGE be worth now?

KNAPP COTTAGE might now be worth an estimated £264,492.

This is based on house price inflation of 95.9%, between October 2003 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 95.9% inflationary increase is applied to the most recent sale price for KNAPP COTTAGE of £135,000 on 17th October 2003. For the value to have increased from £135,000 to £264,492 over the twenty years and ten months to December 2024, the following assumptions must hold true:

• The value of KNAPP COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The October 2003 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of KNAPP COTTAGE has not materially changed since October 2003.

How Large is KNAPP COTTAGE?

KNAPP COTTAGE is 114m², which includes three extensions, according to the EPC inspection conducted in May 2021. This puts it in the smallest 40% of detached houses houses in Broadway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broadway, and where KNAPP COTTAGE lies on this distribution: 38% of detached houses houses are smaller than KNAPP COTTAGE, and 62% of houses are larger. Note that EPC data is not available for all properties in Broadway.

KNAPP COTTAGE: Plot and Title Map

KNAPP COTTAGE sits on a plot of roughly 0.094 of an acre, or 379m². The below map shows the location of KNAPP COTTAGE, 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 KNAPP COTTAGE). 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 KNAPP COTTAGE?

KNAPP COTTAGE is located on SUGGS LANE in BROADWAY, in the TA19 postcode district. The below map shows the position of KNAPP COTTAGE on SUGGS LANE.