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

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

MAGNOLIA COTTAGE is a small extended detached house of 113m², built sometime between 1967 and 1975. It was last sold for £348,000 in December 2021, which was around 15% 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	£409,524	15% below HPI
2018 24 SEP	£290,000	£360,854	20% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

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 in Shepton Beauchamp, based on EPC data. The below chart shows the distribution of detached houses by size in Shepton Beauchamp, and where MAGNOLIA COTTAGE lies on this distribution: 27% of detached 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.