MARACAIBO, FROME ROAD, RADSTOCK, BA3 3JZ - £322,500

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

MARACAIBO is a midsized extended detached house of 109m², built sometime between 1950 and 1966. It was last sold for £322,500 in May 2018, which was around 43% below the average May 2018 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was C.

MARACAIBO Sold Prices

Land registry data shows two sales for MARACAIBO since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bath and North East Somerset local authority area for the corresponding sale date. Both of the two MARACAIBO 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
2018 25 MAY	£322,500	£566,452	43% below HPI
2015 1 DEC	£280,000	£479,240	42% below HPI

MARACAIBO Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The two MARACAIBO sales from December 2015 and May 2018 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 December 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the May 2018 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is MARACAIBO?

MARACAIBO is 109m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 50% of detached houses in Radstock, based on EPC data. The below chart shows the distribution of detached houses by size in Radstock, and where MARACAIBO lies on this distribution: 43% of detached houses are smaller than MARACAIBO, and 57% of houses are larger. Note that EPC data is not available for all properties in Radstock.

MARACAIBO: Plot and Title Map

MARACAIBO sits on a plot of roughly 0.173 of an acre, or 701m². The below map shows the location of MARACAIBO, 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 MARACAIBO). 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 MARACAIBO?

MARACAIBO is located on FROME ROAD in RADSTOCK, in the BA3 postcode district. The below map shows the position of MARACAIBO on FROME ROAD.