OLD CROSS, SCHOOL LANE, DRAYCOTT, CHEDDAR, BS27 3SB - £370,000

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.

OLD CROSS is a midsized extended detached house of 121m², built sometime before 1900, which could now be worth an estimated £491,306. It was last sold for £370,000 in May 2017, which was around 7% above the average May 2017 detached price in the Somerset local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

OLD CROSS Sold Prices

Land registry data shows two sales for OLD CROSS 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 OLD CROSS 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
2017 25 MAY	£370,000	£346,747	7% above HPI
2006 10 APR	£272,000	£263,857	3% above HPI

OLD CROSS 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 CROSS sales from April 2006 and May 2017 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 April 2006 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2017 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might OLD CROSS be worth now?

OLD CROSS might now be worth an estimated £491,306.

This is based on house price inflation of 32.8%, between May 2017 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 32.8% inflationary increase is applied to the most recent sale price for OLD CROSS of £370,000 on 25th May 2017. For the value to have increased from £370,000 to £491,306 over the eight years and three months to February 2025, the following assumptions must hold true:

• The value of OLD CROSS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The May 2017 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of OLD CROSS has not materially changed since May 2017.

How Large is OLD CROSS?

OLD CROSS is 121m², which includes one extension, according to the EPC inspection conducted in December 2016. This puts it in the smallest 50% of detached houses houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Draycott, and where OLD CROSS lies on this distribution: 45% of detached houses houses are smaller than OLD CROSS, and 54% of houses are larger. Note that EPC data is not available for all properties in Draycott.

OLD CROSS: Plot and Title Map

OLD CROSS sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of OLD CROSS, 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 CROSS). 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 CROSS?

OLD CROSS is located on SCHOOL LANE in DRAYCOTT, in the BS27 postcode district. The below map shows the position of OLD CROSS on SCHOOL LANE.