PROSPECT VILLA, GRANTS LANE, WEDMORE, BS28 4EA - £351,000

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.

PROSPECT VILLA is a very large extended detached house of 222m², built sometime before 1900, which could now be worth an estimated £803,174. It was last sold for £351,000 in September 2002, which was around 74% above the average September 2002 detached price in the Somerset local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

PROSPECT VILLA Sold Prices

Land registry data shows two sales for PROSPECT VILLA 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 PROSPECT VILLA 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
2002 9 SEP	£351,000	£201,215	74% above HPI
1995 20 NOV	£110,000	£86,746	27% above HPI

PROSPECT VILLA 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 PROSPECT VILLA sales from November 1995 and September 2002 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 November 1995 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the September 2002 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

What might PROSPECT VILLA be worth now?

PROSPECT VILLA might now be worth an estimated £803,174.

This is based on house price inflation of 128.8%, between September 2002 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 128.8% inflationary increase is applied to the most recent sale price for PROSPECT VILLA of £351,000 on 9th September 2002. For the value to have increased from £351,000 to £803,174 over the 23 years and seven months to February 2025, the following assumptions must hold true:

• The value of PROSPECT VILLA has moved in line with the HPI for detached houses in the Somerset local authority area.
• The September 2002 sale price of £351,000 represented a fair market value for the property.
• The size, condition, and specification of PROSPECT VILLA has not materially changed since September 2002.

How Large is PROSPECT VILLA?

PROSPECT VILLA is 222m², which includes three extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 10% of detached houses houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wedmore, and where PROSPECT VILLA lies on this distribution: 90% of detached houses houses are smaller than PROSPECT VILLA, and 10% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

PROSPECT VILLA: Plot and Title Map

PROSPECT VILLA sits on a plot of roughly 0.262 of an acre, or 1,059m². The below map shows the location of PROSPECT VILLA, 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 PROSPECT VILLA). 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 PROSPECT VILLA?

PROSPECT VILLA is located on GRANTS LANE in WEDMORE, in the BS28 postcode district. The below map shows the position of PROSPECT VILLA on GRANTS LANE.