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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

LERBURN PLACE is a midsized extended detached house of 133m², built sometime before 1900. It was last sold for £750,000 in March 2023, which was around 67% 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	£448,405	67% above HPI
2018 26 JAN	£400,000	£348,563	15% above HPI
2002 9 SEP	£272,500	£195,071	40% above HPI
1997 12 SEP	£135,000	£96,313	40% 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 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the March 2023 sale, where it rises to 67% above the HPI. The line then continues to track at 67% above the HPI.

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 in Wedmore, based on EPC data. The below chart shows the distribution of detached houses by size in Wedmore, and where LERBURN PLACE lies on this distribution: 44% of detached houses are smaller than LERBURN PLACE, and 56% 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.