RIVERSIDE COTTAGE, LONG STREET, CROSCOMBE, WELLS, BA5 3QL - £355,000

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.

RIVERSIDE COTTAGE is a midsized extended detached house of 124m², built sometime before 1900, which could now be worth an estimated £436,161. It was last sold for £355,000 in January 2020, which was around 5% below the average January 2020 detached price in the Somerset local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was D.

RIVERSIDE COTTAGE Sold Prices

Land registry data shows four sales for RIVERSIDE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Most of the four RIVERSIDE COTTAGE 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
2020 23 JAN	£355,000	£374,752	5% below HPI
2011 16 DEC	£349,950	£280,192	25% above HPI
2008 18 JUN	£311,000	£297,646	4% above HPI
1999 26 NOV	£134,000	£125,068	7% above HPI

RIVERSIDE COTTAGE 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 four RIVERSIDE COTTAGE sales between November 1999 and January 2020 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 December 2011 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the January 2020 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might RIVERSIDE COTTAGE be worth now?

RIVERSIDE COTTAGE might now be worth an estimated £436,161.

This is based on house price inflation of 22.9%, between January 2020 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 22.9% inflationary increase is applied to the most recent sale price for RIVERSIDE COTTAGE of £355,000 on 23rd January 2020. For the value to have increased from £355,000 to £436,161 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of RIVERSIDE COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The January 2020 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of RIVERSIDE COTTAGE has not materially changed since January 2020.

How Large is RIVERSIDE COTTAGE?

RIVERSIDE COTTAGE is 124m², which includes two extensions, according to the EPC inspection conducted in October 2011. This puts it in the largest 50% of detached houses houses in Croscombe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Croscombe, and where RIVERSIDE COTTAGE lies on this distribution: 56% of detached houses houses are smaller than RIVERSIDE COTTAGE, and 44% of houses are larger. Note that EPC data is not available for all properties in Croscombe.

RIVERSIDE COTTAGE: Plot and Title Map

RIVERSIDE COTTAGE sits on a plot of roughly 0.133 of an acre, or 537m². The below map shows the location of RIVERSIDE COTTAGE, 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 RIVERSIDE COTTAGE). 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 RIVERSIDE COTTAGE?

RIVERSIDE COTTAGE is located on LONG STREET in CROSCOMBE, in the BA5 postcode district. The below map shows the position of RIVERSIDE COTTAGE on LONG STREET.