LANACRE, MILLBOURNE ROAD, CHEDDAR, BS27 3NP - £285,000

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

LANACRE is a small extended detached house of 105m², built sometime between 1950 and 1966. It was last sold for £285,000 in October 2023, which was around 36% below the average October 2023 detached price in the Somerset local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

LANACRE Sold Prices

Land registry data shows three sales for LANACRE 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. All of the three LANACRE 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
2023 27 OCT	£285,000	£447,775	36% below HPI
2012 5 JAN	£240,000	£269,080	11% below HPI
1995 17 MAR	£73,000	£83,256	12% below HPI

LANACRE 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 LANACRE sales between March 1995 and October 2023 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 January 2012 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2023 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is LANACRE?

LANACRE is 105m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 30% of detached houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses by size in Cheddar, and where LANACRE lies on this distribution: 29% of detached houses are smaller than LANACRE, and 70% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

LANACRE: Plot and Title Map

LANACRE sits on a plot of roughly 0.127 of an acre, or 513m². The below map shows the location of LANACRE, 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 LANACRE). 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 LANACRE?

LANACRE is located on MILLBOURNE ROAD in CHEDDAR, in the BS27 postcode district. The below map shows the position of LANACRE on MILLBOURNE ROAD.