MEDLARS, MILVERTON, TAUNTON, TA4 1QZ - £350,001

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MEDLARS is a small detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £524,517. It was last sold for £350,001 in November 2014, which was around 16% above the average November 2014 detached price in the Somerset local authority area. The most recent EPC inspection was August 2010, where the current energy rating was E, and the potential energy rating was D.

MEDLARS Sold Prices

Land registry data shows two sales for MEDLARS 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 MEDLARS sales were for above 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
2014 20 NOV	£350,001	£301,352	16% above HPI
1996 1 MAY	£100,000	£86,280	16% above HPI

MEDLARS 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 MEDLARS sales from May 1996 and November 2014 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 May 1996 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the November 2014 sale, which was also at 16% above the HPI.

What might MEDLARS be worth now?

MEDLARS might now be worth an estimated £524,517.

This is based on house price inflation of 49.9%, between November 2014 and March 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 49.9% inflationary increase is applied to the most recent sale price for MEDLARS of £350,001 on 20th November 2014. For the value to have increased from £350,001 to £524,517 over the eleven years and eight months to March 2025, the following assumptions must hold true:

• The value of MEDLARS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The November 2014 sale price of £350,001 represented a fair market value for the property.
• The size, condition, and specification of MEDLARS has not materially changed since November 2014.

How Large is MEDLARS?

MEDLARS is 110m² according to the EPC inspection conducted in August 2010. This puts it in the smallest 40% of detached houses houses in Milverton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milverton, and where MEDLARS lies on this distribution: 38% of detached houses houses are smaller than MEDLARS, and 63% of houses are larger. Note that EPC data is not available for all properties in Milverton.

MEDLARS: Plot and Title Map

MEDLARS sits on a plot of roughly 0.450 of an acre, or 1,822m². The below map shows the location of MEDLARS, 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 MEDLARS). 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 MEDLARS?

MEDLARS is located in MILVERTON, in the TA4 postcode district. The below map shows the position of MEDLARS in MILVERTON.