MAGNOLIA COTTAGE, SHELLS LANE, SHEPTON BEAUCHAMP, ILMINSTER, TA19 0LX - £348,000

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

MAGNOLIA COTTAGE is a small extended detached house of 113m², built sometime between 1967 and 1975, which could now be worth an estimated £379,311. It was last sold for £348,000 in December 2021, which was around 18% below the average December 2021 detached price in the Somerset local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was C.

MAGNOLIA COTTAGE Sold Prices

Land registry data shows two sales for MAGNOLIA 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 MAGNOLIA 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
2021 6 DEC	£348,000	£422,422	18% below HPI
2018 24 SEP	£290,000	£372,219	22% below HPI

MAGNOLIA 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 MAGNOLIA COTTAGE sales from September 2018 and December 2021 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 September 2018 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2021 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might MAGNOLIA COTTAGE be worth now?

MAGNOLIA COTTAGE might now be worth an estimated £379,311.

This is based on house price inflation of 9%, between December 2021 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 9% inflationary increase is applied to the most recent sale price for MAGNOLIA COTTAGE of £348,000 on 6th December 2021. For the value to have increased from £348,000 to £379,311 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of MAGNOLIA COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The December 2021 sale price of £348,000 represented a fair market value for the property.
• The size, condition, and specification of MAGNOLIA COTTAGE has not materially changed since December 2021.

How Large is MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is 113m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses houses in Shepton Beauchamp, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shepton Beauchamp, and where MAGNOLIA COTTAGE lies on this distribution: 27% of detached houses houses are smaller than MAGNOLIA COTTAGE, and 71% of houses are larger. Note that EPC data is not available for all properties in Shepton Beauchamp.

MAGNOLIA COTTAGE: Plot and Title Map

MAGNOLIA COTTAGE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of MAGNOLIA 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 MAGNOLIA 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 MAGNOLIA COTTAGE?

MAGNOLIA COTTAGE is located on SHELLS LANE in SHEPTON BEAUCHAMP, in the TA19 postcode district. The below map shows the position of MAGNOLIA COTTAGE on SHELLS LANE.