OLD SCHOOL HOUSE, BROADWAY, ILMINSTER, TA19 9RE - £275,000

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

OLD SCHOOL HOUSE is a small extended detached house of 99m², built sometime before 1900, which could now be worth an estimated £342,115. It was last sold for £275,000 in June 2019, which was around 25% below the average June 2019 detached price in the Somerset local authority area. The most recent EPC inspection was December 2024, where the current energy rating was F, and the potential energy rating was C.

OLD SCHOOL HOUSE Sold Prices

Land registry data shows two sales for OLD SCHOOL 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. Both of the two OLD SCHOOL HOUSE sales were 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
2019 10 JUN	£275,000	£368,067	25% below HPI
2014 24 JUN	£240,000	£296,970	19% below HPI

OLD SCHOOL 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 OLD SCHOOL HOUSE sales from June 2014 and June 2019 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 June 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the June 2019 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might OLD SCHOOL HOUSE be worth now?

OLD SCHOOL HOUSE might now be worth an estimated £342,115.

This is based on house price inflation of 24.4%, between June 2019 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 24.4% inflationary increase is applied to the most recent sale price for OLD SCHOOL HOUSE of £275,000 on 10th June 2019. For the value to have increased from £275,000 to £342,115 over the four years and six months to December 2024, the following assumptions must hold true:

• The value of OLD SCHOOL HOUSE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The June 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of OLD SCHOOL HOUSE has not materially changed since June 2019.

How Large is OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is 99m², which includes one extension, according to the EPC inspection conducted in December 2024. This puts it in the smallest 30% of detached houses houses in Broadway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broadway, and where OLD SCHOOL HOUSE lies on this distribution: 27% of detached houses houses are smaller than OLD SCHOOL HOUSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Broadway.

OLD SCHOOL HOUSE: Plot and Title Map

OLD SCHOOL HOUSE sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of OLD SCHOOL 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 OLD SCHOOL 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 OLD SCHOOL HOUSE?

OLD SCHOOL HOUSE is located in BROADWAY, in the TA19 postcode district. The below map shows the position of OLD SCHOOL HOUSE in BROADWAY.