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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PROSPECT VILLA is a very large extended detached house of 222m², built sometime before 1900. It was last sold for £351,000 in September 2002, which was around 80% 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	£195,071	80% above HPI
1995 20 NOV	£110,000	£84,097	31% 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 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the September 2002 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

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 in Wedmore, based on EPC data. The below chart shows the distribution of detached houses by size in Wedmore, and where PROSPECT VILLA lies on this distribution: 90% of detached 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.