MICHELDENE, OAKE, TAUNTON, TA4 1AY - £285,000

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.

MICHELDENE is a very small extended detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £363,541. It was last sold for £285,000 in February 2018, which was around 21% below the average February 2018 detached price in the Somerset local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

MICHELDENE Sold Prices

Land registry data shows two sales for MICHELDENE 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 MICHELDENE 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 28 FEB	£285,000	£360,956	21% below HPI
1996 10 JAN	£63,000	£84,327	25% below HPI

MICHELDENE 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 MICHELDENE sales from January 1996 and February 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 January 1996 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2018 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might MICHELDENE be worth now?

MICHELDENE might now be worth an estimated £363,541.

This is based on house price inflation of 27.6%, between February 2018 and February 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 27.6% inflationary increase is applied to the most recent sale price for MICHELDENE of £285,000 on 28th February 2018. For the value to have increased from £285,000 to £363,541 over the seven years to February 2025, the following assumptions must hold true:

• The value of MICHELDENE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The February 2018 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of MICHELDENE has not materially changed since February 2018.

How Large is MICHELDENE?

MICHELDENE is 76m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses houses in Oake, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oake, and where MICHELDENE lies on this distribution: 6% of detached houses houses are smaller than MICHELDENE, and 94% of houses are larger. Note that EPC data is not available for all properties in Oake.

MICHELDENE: Plot and Title Map

MICHELDENE sits on a plot of roughly 0.211 of an acre, or 853m². The below map shows the location of MICHELDENE, 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 MICHELDENE). 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 MICHELDENE?

MICHELDENE is located in OAKE, in the TA4 postcode district. The below map shows the position of MICHELDENE in OAKE.