MILFORDS, CHURCHLANDS, MARK, HIGHBRIDGE, TA9 4ND - £385,000

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.

MILFORDS is a very small detached house of 71m², built sometime between 1950 and 1966, which could now be worth an estimated £391,940. It was last sold for £385,000 in May 2023, which was around 15% below the average May 2023 detached price in the Somerset local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was B.

MILFORDS Sold Prices

Land registry data shows two sales for MILFORDS 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 MILFORDS 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
2023 26 MAY	£385,000	£452,276	15% below HPI
2022 15 MAR	£326,000	£438,106	26% below HPI

MILFORDS 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 MILFORDS sales from March 2022 and May 2023 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 March 2022 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the May 2023 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might MILFORDS be worth now?

MILFORDS might now be worth an estimated £391,940.

This is based on house price inflation of 1.8%, between May 2023 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 1.8% inflationary increase is applied to the most recent sale price for MILFORDS of £385,000 on 26th May 2023. For the value to have increased from £385,000 to £391,940 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of MILFORDS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The May 2023 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of MILFORDS has not materially changed since May 2023.

How Large is MILFORDS?

MILFORDS is 71m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of detached houses houses in Mark, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mark, and where MILFORDS lies on this distribution: 7% of detached houses houses are smaller than MILFORDS, and 92% of houses are larger. Note that EPC data is not available for all properties in Mark.

MILFORDS: Plot and Title Map

MILFORDS sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of MILFORDS, 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 MILFORDS). 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 MILFORDS?

MILFORDS is located on CHURCHLANDS in MARK, in the TA9 postcode district. The below map shows the position of MILFORDS on CHURCHLANDS.