NEWLANDS, ASHILL, ILMINSTER, TA19 9LY - £295,000

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.

NEWLANDS is a very small extended detached house of 89m², built sometime between 1950 and 1966, which could now be worth an estimated £374,590. It was last sold for £295,000 in April 2018, which was around 19% below the average April 2018 detached price in the Somerset local authority area. The most recent EPC inspection was August 2010, where the current energy rating was D, and the potential energy rating was D.

NEWLANDS Sold Prices

Land registry data shows two sales for NEWLANDS 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 NEWLANDS 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
2018 5 APR	£295,000	£362,601	19% below HPI
2000 29 AUG	£129,000	£142,096	9% below HPI

NEWLANDS 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 NEWLANDS sales from August 2000 and April 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 August 2000 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the April 2018 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might NEWLANDS be worth now?

NEWLANDS might now be worth an estimated £374,590.

This is based on house price inflation of 27%, between April 2018 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 27% inflationary increase is applied to the most recent sale price for NEWLANDS of £295,000 on 5th April 2018. For the value to have increased from £295,000 to £374,590 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of NEWLANDS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The April 2018 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of NEWLANDS has not materially changed since April 2018.

How Large is NEWLANDS?

NEWLANDS is 89m², which includes one extension, according to the EPC inspection conducted in August 2010. This puts it in the smallest 10% of detached houses houses in Ashill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashill, and where NEWLANDS lies on this distribution: 3% of detached houses houses are smaller than NEWLANDS, and 97% of houses are larger. Note that EPC data is not available for all properties in Ashill.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.175 of an acre, or 708m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located in ASHILL, in the TA19 postcode district. The below map shows the position of NEWLANDS in ASHILL.