MOUNTJOY, MELLS, FROME, BA11 3QN - £300,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MOUNTJOY is a very small detached house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £371,292. It was last sold for £300,000 in February 2019, which was around 19% below the average February 2019 detached price in the Somerset local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

MOUNTJOY Sold Prices

Land registry data shows two sales for MOUNTJOY 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. One of the two MOUNTJOY sales was for below the average price, whilst the other was 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
2019 19 FEB	£300,000	£369,974	19% below HPI
2014 21 NOV	£360,000	£301,352	19% above HPI

MOUNTJOY 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 MOUNTJOY sales from November 2014 and February 2019 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 November 2014 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the February 2019 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might MOUNTJOY be worth now?

MOUNTJOY might now be worth an estimated £371,292.

This is based on house price inflation of 23.8%, between February 2019 and December 2024, 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 23.8% inflationary increase is applied to the most recent sale price for MOUNTJOY of £300,000 on 19th February 2019. For the value to have increased from £300,000 to £371,292 over the four years and two months to December 2024, the following assumptions must hold true:

• The value of MOUNTJOY has moved in line with the HPI for detached houses in the Somerset local authority area.
• The February 2019 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of MOUNTJOY has not materially changed since February 2019.

How Large is MOUNTJOY?

MOUNTJOY is 123m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 20% of detached houses houses in Mells, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mells, and where MOUNTJOY lies on this distribution: 15% of detached houses houses are smaller than MOUNTJOY, and 85% of houses are larger. Note that EPC data is not available for all properties in Mells.

MOUNTJOY: Plot and Title Map

MOUNTJOY sits on a plot of roughly 0.449 of an acre, or 1,817m². The below map shows the location of MOUNTJOY, 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 MOUNTJOY). 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 MOUNTJOY?

MOUNTJOY is located in MELLS, in the BA11 postcode district. The below map shows the position of MOUNTJOY in MELLS.