MILL HOUSE, MILL LANE, OTHERY, BRIDGWATER, TA7 0QT - £425,000

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

MILL HOUSE is a large extended detached house of 170m², built sometime before 1900. It was last sold for £425,000 in November 2018, which was around 18% above the average November 2018 detached price in the Somerset local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was C.

MILL HOUSE Sold Prices

Land registry data shows four sales for MILL HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the four MILL HOUSE 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
2018 30 NOV	£425,000	£360,810	18% above HPI
2008 31 OCT	£280,000	£272,811	3% above HPI
2005 1 SEP	£317,000	£258,316	23% above HPI
1998 9 APR	£120,000	£99,489	21% above HPI

MILL HOUSE 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 four MILL HOUSE sales between April 1998 and November 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 October 2008 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2018 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is MILL HOUSE?

MILL HOUSE is 170m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 40% of detached houses in Othery, based on EPC data. The below chart shows the distribution of detached houses by size in Othery, and where MILL HOUSE lies on this distribution: 65% of detached houses are smaller than MILL HOUSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Othery.

MILL HOUSE: Plot and Title Map

MILL HOUSE sits on a plot of roughly 0.258 of an acre, or 1,045m². The below map shows the location of MILL HOUSE, 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 MILL HOUSE). 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 MILL HOUSE?

MILL HOUSE is located on MILL LANE in OTHERY, in the TA7 postcode district. The below map shows the position of MILL HOUSE on MILL LANE.