OAKWOOD HOUSE, OLD COACH ROAD, CROSS, AXBRIDGE, BS26 2EG - £650,000

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

OAKWOOD HOUSE is a very large extended detached house of 237m², built sometime between 1996 and 2002, which could now be worth an estimated £980,823. It was last sold for £650,000 in February 2015, which was around 114% above the average February 2015 detached price in the Somerset local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was C.

OAKWOOD HOUSE Sold Prices

Land registry data shows two sales for OAKWOOD HOUSE 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. One of the two OAKWOOD HOUSE sales was for above the average price, whilst the other was 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
2015 27 FEB	£650,000	£303,451	114% above HPI
1997 24 MAR	£55,000	£92,805	41% below HPI

OAKWOOD HOUSE 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 OAKWOOD HOUSE sales from March 1997 and February 2015 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 March 1997 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the February 2015 sale, where it rises to 114% above the HPI. The line then continues to track at 114% above the HPI.

What might OAKWOOD HOUSE be worth now?

OAKWOOD HOUSE might now be worth an estimated £980,823.

This is based on house price inflation of 50.9%, between February 2015 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 50.9% inflationary increase is applied to the most recent sale price for OAKWOOD HOUSE of £650,000 on 27th February 2015. For the value to have increased from £650,000 to £980,823 over the eight years and two months to December 2024, the following assumptions must hold true:

• The value of OAKWOOD HOUSE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The February 2015 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of OAKWOOD HOUSE has not materially changed since February 2015.

How Large is OAKWOOD HOUSE?

OAKWOOD HOUSE is 237m², which includes three extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 20% of detached houses houses in Cross, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cross, and where OAKWOOD HOUSE lies on this distribution: 83% of detached houses houses are smaller than OAKWOOD HOUSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Cross.

OAKWOOD HOUSE: Plot and Title Map

OAKWOOD HOUSE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of OAKWOOD HOUSE, 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 OAKWOOD HOUSE). 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 OAKWOOD HOUSE?

OAKWOOD HOUSE is located on OLD COACH ROAD in CROSS, in the BS26 postcode district. The below map shows the position of OAKWOOD HOUSE on OLD COACH ROAD.