OAKHILL LODGE, OAKHILL, RADSTOCK, BA3 5AQ - £392,500

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.

OAKHILL LODGE is a small extended detached house of 98m², built sometime before 1900, which could now be worth an estimated £482,866. It was last sold for £392,500 in February 2020, which was around 5% above the average February 2020 detached price in the Somerset local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was A.

OAKHILL LODGE Sold Prices

Land registry data shows three sales for OAKHILL LODGE 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 OAKHILL LODGE 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 28 FEB	£392,500	£374,262	5% above HPI
2009 1 MAY	£285,000	£255,296	12% above HPI
2001 6 JUL	£178,000	£155,796	14% above HPI

OAKHILL LODGE 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 OAKHILL LODGE sales between July 2001 and February 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 May 2009 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the February 2020 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might OAKHILL LODGE be worth now?

OAKHILL LODGE might now be worth an estimated £482,866.

This is based on house price inflation of 23%, between February 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 23% inflationary increase is applied to the most recent sale price for OAKHILL LODGE of £392,500 on 28th February 2020. For the value to have increased from £392,500 to £482,866 over the five years to February 2025, the following assumptions must hold true:

• The value of OAKHILL LODGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The February 2020 sale price of £392,500 represented a fair market value for the property.
• The size, condition, and specification of OAKHILL LODGE has not materially changed since February 2020.

How Large is OAKHILL LODGE?

OAKHILL LODGE is 98m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 30% of detached houses houses in Oakhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakhill, and where OAKHILL LODGE lies on this distribution: 21% of detached houses houses are smaller than OAKHILL LODGE, and 79% of houses are larger. Note that EPC data is not available for all properties in Oakhill.

OAKHILL LODGE: Plot and Title Map

OAKHILL LODGE sits on a plot of roughly 0.271 of an acre, or 1,095m². The below map shows the location of OAKHILL LODGE, 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 OAKHILL LODGE). 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 OAKHILL LODGE?

OAKHILL LODGE is located in OAKHILL, in the BA3 postcode district. The below map shows the position of OAKHILL LODGE in OAKHILL.