OLD CORN MILL, MILL LANE, OTHERY, BRIDGWATER, TA7 0QT - £108,500

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.

OLD CORN MILL is a small detached house of 110m², built sometime before 1900, which could now be worth an estimated £459,117. It was last sold for £108,500 in January 1999, which was about the average January 1999 detached price in the Somerset local authority area. The most recent EPC inspection was April 2016, where the current energy rating was E, and the potential energy rating was A.

OLD CORN MILL Sold Prices

Land registry data shows two sales for OLD CORN 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. One of the two OLD CORN MILL sales was roughly equal to the average price, whilst the other was 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
1999 22 JAN	£108,500	£108,810	Close to HPI
1997 19 FEB	£100,000	£91,161	10% above HPI

OLD CORN 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 OLD CORN MILL sales from February 1997 and January 1999 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 February 1997 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the January 1999 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might OLD CORN MILL be worth now?

OLD CORN MILL might now be worth an estimated £459,117.

This is based on house price inflation of 323.1%, between January 1999 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 323.1% inflationary increase is applied to the most recent sale price for OLD CORN MILL of £108,500 on 22nd January 1999. For the value to have increased from £108,500 to £459,117 over the 25 years and eleven months to February 2025, the following assumptions must hold true:

• The value of OLD CORN MILL has moved in line with the HPI for detached houses in the Somerset local authority area.
• The January 1999 sale price of £108,500 represented a fair market value for the property.
• The size, condition, and specification of OLD CORN MILL has not materially changed since January 1999.

How Large is OLD CORN MILL?

OLD CORN MILL is 110m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% of detached houses houses in Othery, based on EPC data. The below chart shows the distribution of detached houses houses by size in Othery, and where OLD CORN MILL lies on this distribution: 27% of detached houses houses are smaller than OLD CORN MILL, and 73% of houses are larger. Note that EPC data is not available for all properties in Othery.

OLD CORN MILL: Plot and Title Map

OLD CORN MILL sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of OLD CORN 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 OLD CORN 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 OLD CORN MILL?

OLD CORN MILL is located on MILL LANE in OTHERY, in the TA7 postcode district. The below map shows the position of OLD CORN MILL on MILL LANE.