MERRYDOWN, VICARAGE ROAD, WOOKEY, WELLS, BA5 1JW - £500,000

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

MERRYDOWN is a large extended detached house of 152m², built sometime between 1967 and 1975, which could now be worth an estimated £569,269. It was last sold for £500,000 in August 2021, which was around 24% above the average August 2021 detached price in the Somerset local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was C.

MERRYDOWN Sold Prices

Land registry data shows two sales for MERRYDOWN 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 MERRYDOWN 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
2021 16 AUG	£500,000	£402,178	24% above HPI
2011 25 NOV	£280,000	£281,478	1% below HPI

MERRYDOWN 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 MERRYDOWN sales from November 2011 and August 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 November 2011 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might MERRYDOWN be worth now?

MERRYDOWN might now be worth an estimated £569,269.

This is based on house price inflation of 13.9%, between August 2021 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 13.9% inflationary increase is applied to the most recent sale price for MERRYDOWN of £500,000 on 16th August 2021. For the value to have increased from £500,000 to £569,269 over the two years and eight months to December 2024, the following assumptions must hold true:

• The value of MERRYDOWN has moved in line with the HPI for detached houses in the Somerset local authority area.
• The August 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of MERRYDOWN has not materially changed since August 2021.

How Large is MERRYDOWN?

MERRYDOWN is 152m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the largest 30% of detached houses houses in Wookey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wookey, and where MERRYDOWN lies on this distribution: 76% of detached houses houses are smaller than MERRYDOWN, and 24% of houses are larger. Note that EPC data is not available for all properties in Wookey.

MERRYDOWN: Plot and Title Map

MERRYDOWN sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of MERRYDOWN, 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 MERRYDOWN). 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 MERRYDOWN?

MERRYDOWN is located on VICARAGE ROAD in WOOKEY, in the BA5 postcode district. The below map shows the position of MERRYDOWN on VICARAGE ROAD.