NORTHWOOD MILL, FOLLY LANE, SHIPHAM, WINSCOMBE, BS25 1TE - £500,000

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.

NORTHWOOD MILL is a very large extended detached house of 194m², built sometime between 1983 and 1990, which could now be worth an estimated £613,522. It was last sold for £500,000 in March 2020, which was around 33% above the average March 2020 detached price in the Somerset local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

NORTHWOOD MILL Sold Prices

Land registry data shows two sales for NORTHWOOD MILL 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 NORTHWOOD MILL 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
2020 27 MAR	£500,000	£375,234	33% above HPI
2001 3 SEP	£250,000	£160,457	56% above HPI

NORTHWOOD MILL 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 NORTHWOOD MILL sales from September 2001 and March 2020 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 September 2001 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the March 2020 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might NORTHWOOD MILL be worth now?

NORTHWOOD MILL might now be worth an estimated £613,522.

This is based on house price inflation of 22.7%, between March 2020 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 22.7% inflationary increase is applied to the most recent sale price for NORTHWOOD MILL of £500,000 on 27th March 2020. For the value to have increased from £500,000 to £613,522 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of NORTHWOOD MILL has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2020 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of NORTHWOOD MILL has not materially changed since March 2020.

How Large is NORTHWOOD MILL?

NORTHWOOD MILL is 194m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the largest 20% of detached houses houses in Shipham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shipham, and where NORTHWOOD MILL lies on this distribution: 86% of detached houses houses are smaller than NORTHWOOD MILL, and 14% of houses are larger. Note that EPC data is not available for all properties in Shipham.

NORTHWOOD MILL: Plot and Title Map

NORTHWOOD MILL sits on a plot of roughly 0.785 of an acre, or 3,177m². The below map shows the location of NORTHWOOD MILL, 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 NORTHWOOD MILL). 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 NORTHWOOD MILL?

NORTHWOOD MILL is located on FOLLY LANE in SHIPHAM, in the BS25 postcode district. The below map shows the position of NORTHWOOD MILL on FOLLY LANE.