NEWLANDS, MOORLANDS ROAD, MERRIOTT, TA16 5NF - £480,000

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

NEWLANDS is a large extended detached house of 126m², built sometime between 1967 and 1975. It was last sold for £480,000 in September 2021, which was around 21% above the average September 2021 detached price in the Somerset local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was C.

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 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
2021 23 SEP	£480,000	£395,529	21% above HPI
2003 7 OCT	£320,000	£226,579	41% above 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 October 2003 and September 2021 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 2003 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the September 2021 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is NEWLANDS?

NEWLANDS is 126m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 40% of detached houses in Merriott, based on EPC data. The below chart shows the distribution of detached houses by size in Merriott, and where NEWLANDS lies on this distribution: 62% of detached houses are smaller than NEWLANDS, and 38% of houses are larger. Note that EPC data is not available for all properties in Merriott.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.217 of an acre, or 879m². 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 on MOORLANDS ROAD in MERRIOTT, in the TA16 postcode district. The below map shows the position of NEWLANDS on MOORLANDS ROAD.