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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MICHELDENE is a very small extended detached house of 76m², built sometime between 1950 and 1966. It was last sold for £285,000 in February 2018, which was around 19% 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	£349,935	19% below HPI
1996 10 JAN	£63,000	£81,752	23% 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 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2018 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

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 in Oake, based on EPC data. The below chart shows the distribution of detached houses by size in Oake, and where MICHELDENE lies on this distribution: 6% of detached 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.