MEADOWAY, HANNAY ROAD, CHEDDAR, BS27 3BT - £680,000

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

MEADOWAY is a very large extended detached house of 236m², built sometime between 1930 and 1949, which could now be worth an estimated £864,066. It was last sold for £680,000 in December 2017, which was around 89% above the average December 2017 detached price in the Somerset local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

MEADOWAY Sold Prices

Land registry data shows two sales for MEADOWAY 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 MEADOWAY 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
2017 8 DEC	£680,000	£360,353	89% above HPI
1995 7 JUL	£75,000	£86,887	14% below HPI

MEADOWAY 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 MEADOWAY sales from July 1995 and December 2017 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 July 1995 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2017 sale, where it rises to 89% above the HPI. The line then continues to track at 89% above the HPI.

What might MEADOWAY be worth now?

MEADOWAY might now be worth an estimated £864,066.

This is based on house price inflation of 27.1%, between December 2017 and December 2024, 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 27.1% inflationary increase is applied to the most recent sale price for MEADOWAY of £680,000 on 8th December 2017. For the value to have increased from £680,000 to £864,066 over the seven years to December 2024, the following assumptions must hold true:

• The value of MEADOWAY has moved in line with the HPI for detached houses in the Somerset local authority area.
• The December 2017 sale price of £680,000 represented a fair market value for the property.
• The size, condition, and specification of MEADOWAY has not materially changed since December 2017.

How Large is MEADOWAY?

MEADOWAY is 236m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 10% of detached houses houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cheddar, and where MEADOWAY lies on this distribution: 97% of detached houses houses are smaller than MEADOWAY, and 3% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

MEADOWAY: Plot and Title Map

MEADOWAY sits on a plot of roughly 0.277 of an acre, or 1,120m². The below map shows the location of MEADOWAY, 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 MEADOWAY). 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 MEADOWAY?

MEADOWAY is located on HANNAY ROAD in CHEDDAR, in the BS27 postcode district. The below map shows the position of MEADOWAY on HANNAY ROAD.