LERBURN PLACE, THE LERBURNE, WEDMORE, BS28 4ED - £750,000

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.

LERBURN PLACE is a midsized extended detached house of 133m², built sometime before 1900, which could now be worth an estimated £746,598. It was last sold for £750,000 in March 2023, which was around 62% above the average March 2023 detached price in the Somerset local authority area. The most recent EPC inspection was October 2008, where the current energy rating was F, and the potential energy rating was E.

LERBURN PLACE Sold Prices

Land registry data shows four sales for LERBURN PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the four LERBURN PLACE sales were for above 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 6 MAR	£750,000	£462,527	62% above HPI
2018 26 JAN	£400,000	£359,540	11% above HPI
2002 9 SEP	£272,500	£201,215	35% above HPI
1997 12 SEP	£135,000	£99,346	36% above HPI

LERBURN PLACE 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 four LERBURN PLACE sales between September 1997 and March 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 2018 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2023 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might LERBURN PLACE be worth now?

LERBURN PLACE might now be worth an estimated £746,598.

This is based on house price deflation of 0.5%, between March 2023 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 0.5% deflationary decrease is applied to the most recent sale price for LERBURN PLACE of £750,000 on 6th March 2023. For the value to have decreased from £750,000 to £746,598 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of LERBURN PLACE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2023 sale price of £750,000 represented a fair market value for the property.
• The size, condition, and specification of LERBURN PLACE has not materially changed since March 2023.

How Large is LERBURN PLACE?

LERBURN PLACE is 133m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 50% of detached houses houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wedmore, and where LERBURN PLACE lies on this distribution: 45% of detached houses houses are smaller than LERBURN PLACE, and 55% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

LERBURN PLACE: Plot and Title Map

LERBURN PLACE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of LERBURN PLACE, 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 LERBURN PLACE). 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 LERBURN PLACE?

LERBURN PLACE is located on THE LERBURNE in WEDMORE, in the BS28 postcode district. The below map shows the position of LERBURN PLACE on THE LERBURNE.