REDBANK HOUSE, BUTTS WAY, MILVERTON, TAUNTON, TA4 1LY - £430,000

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

REDBANK HOUSE is a large detached house of 146m², built sometime between 2003 and 2006. It was last sold for £430,000 in January 2016, which was around 37% above the average January 2016 detached price in the Somerset local authority area. The most recent EPC inspection was August 2011, where the current energy rating was C, and the potential energy rating was C.

REDBANK HOUSE Sold Prices

Land registry data shows two sales for REDBANK 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 REDBANK HOUSE 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
2016 14 JAN	£430,000	£313,120	37% above HPI
2006 31 AUG	£360,000	£272,610	32% above HPI

REDBANK 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 REDBANK HOUSE sales from August 2006 and January 2016 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 August 2006 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the January 2016 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is REDBANK HOUSE?

REDBANK HOUSE is 146m² according to the EPC inspection conducted in August 2011. This puts it in the largest 40% of detached houses in Milverton, based on EPC data. The below chart shows the distribution of detached houses by size in Milverton, and where REDBANK HOUSE lies on this distribution: 69% of detached houses are smaller than REDBANK HOUSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Milverton.

REDBANK HOUSE: Plot and Title Map

REDBANK HOUSE sits on a plot of roughly 0.287 of an acre, or 1,163m². The below map shows the location of REDBANK 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 REDBANK 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 REDBANK HOUSE?

REDBANK HOUSE is located on BUTTS WAY in MILVERTON, in the TA4 postcode district. The below map shows the position of REDBANK HOUSE on BUTTS WAY.