LILLYBANK, GLENCOT LANE, WOOKEY HOLE, WELLS, BA5 1BH - £539,000

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

LILLYBANK is a very small extended detached house of 100m², built sometime between 1950 and 1966. It was last sold for £539,000 in January 2022, which was around 29% above the average January 2022 detached price in the Somerset local authority area. The most recent EPC inspection was December 2017, where the current energy rating was C, and the potential energy rating was A.

LILLYBANK Sold Prices

Land registry data shows two sales for LILLYBANK 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. One of the two LILLYBANK sales was for above the average price, whilst the other was 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
2022 20 JAN	£539,000	£416,657	29% above HPI
2018 15 MAR	£320,000	£349,545	8% below HPI

LILLYBANK 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 LILLYBANK sales from March 2018 and January 2022 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 March 2018 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the January 2022 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is LILLYBANK?

LILLYBANK is 100m², which includes one extension, according to the EPC inspection conducted in December 2017. This puts it in the smallest 20% of detached houses in Wookey Hole, based on EPC data. The below chart shows the distribution of detached houses by size in Wookey Hole, and where LILLYBANK lies on this distribution: 19% of detached houses are smaller than LILLYBANK, and 81% of houses are larger. Note that EPC data is not available for all properties in Wookey Hole.

LILLYBANK: Plot and Title Map

LILLYBANK sits on a plot of roughly 0.243 of an acre, or 984m². The below map shows the location of LILLYBANK, 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 LILLYBANK). 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 LILLYBANK?

LILLYBANK is located on GLENCOT LANE in WOOKEY HOLE, in the BA5 postcode district. The below map shows the position of LILLYBANK on GLENCOT LANE.