MYLNE, GREENWAY, MONKTON HEATHFIELD, TAUNTON, TA2 8NH - £280,000

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

MYLNE is a small extended detached house of 98m², built sometime between 1930 and 1949, which could now be worth an estimated £393,712. It was last sold for £280,000 in March 2016, which was around 14% below the average March 2016 detached price in the Somerset local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

MYLNE Sold Prices

Land registry data shows three sales for MYLNE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three MYLNE 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
2016 31 MAR	£280,000	£325,646	14% below HPI
2015 26 JUN	£295,000	£309,199	5% below HPI
1999 9 NOV	£85,000	£125,068	32% below HPI

MYLNE 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 three MYLNE sales between November 1999 and March 2016 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 June 2015 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2016 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might MYLNE be worth now?

MYLNE might now be worth an estimated £393,712.

This is based on house price inflation of 40.6%, between March 2016 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 40.6% inflationary increase is applied to the most recent sale price for MYLNE of £280,000 on 31st March 2016. For the value to have increased from £280,000 to £393,712 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of MYLNE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2016 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of MYLNE has not materially changed since March 2016.

How Large is MYLNE?

MYLNE is 98m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% of detached houses houses in Monkton Heathfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Monkton Heathfield, and where MYLNE lies on this distribution: 29% of detached houses houses are smaller than MYLNE, and 67% of houses are larger. Note that EPC data is not available for all properties in Monkton Heathfield.

MYLNE: Plot and Title Map

MYLNE sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of MYLNE, 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 MYLNE). 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 MYLNE?

MYLNE is located on GREENWAY in MONKTON HEATHFIELD, in the TA2 postcode district. The below map shows the position of MYLNE on GREENWAY.