MONREITH, REDWAY, PORLOCK, MINEHEAD, TA24 8QE - £400,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MONREITH is a large extended detached house of 170m², built sometime between 1930 and 1949. It was last sold for £400,000 in August 2015, which was around 30% above the average August 2015 detached price in the Somerset local authority area. The most recent EPC inspection was October 2013, where the current energy rating was F, and the potential energy rating was C.

MONREITH Sold Prices

Land registry data shows two sales for MONREITH 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 MONREITH 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
2015 21 AUG	£400,000	£306,701	30% above HPI
1999 1 MAR	£175,000	£106,218	65% above HPI

MONREITH 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 MONREITH sales from March 1999 and August 2015 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 1999 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the August 2015 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is MONREITH?

MONREITH is 170m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the largest 30% of detached houses in Porlock, based on EPC data. The below chart shows the distribution of detached houses by size in Porlock, and where MONREITH lies on this distribution: 76% of detached houses are smaller than MONREITH, and 24% of houses are larger. Note that EPC data is not available for all properties in Porlock.

MONREITH: Plot and Title Map

MONREITH sits on a plot of roughly 0.412 of an acre, or 1,669m². The below map shows the location of MONREITH, 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 MONREITH). 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 MONREITH?

MONREITH is located on REDWAY in PORLOCK, in the TA24 postcode district. The below map shows the position of MONREITH on REDWAY.