SILVERWOOD, BIRCH CLOSE, WEDMORE, BS28 4BG - £520,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

SILVERWOOD is a small extended detached house of 110m², built sometime between 1967 and 1975. It was last sold for £520,000 in September 2023, which was around 17% above the average September 2023 detached price in the Somerset local authority area. The most recent EPC inspection was April 2023, where the current energy rating was E, and the potential energy rating was B.

SILVERWOOD Sold Prices

Land registry data shows two sales for SILVERWOOD 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 SILVERWOOD 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
2023 6 SEP	£520,000	£446,174	17% above HPI
1997 3 SEP	£106,500	£96,313	11% above HPI

SILVERWOOD 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 SILVERWOOD sales from September 1997 and September 2023 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 September 1997 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2023 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is SILVERWOOD?

SILVERWOOD is 110m², which includes three extensions, according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% of detached houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses by size in Wedmore, and where SILVERWOOD lies on this distribution: 22% of detached houses are smaller than SILVERWOOD, and 77% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

SILVERWOOD: Plot and Title Map

SILVERWOOD sits on a plot of roughly 0.149 of an acre, or 604m². The below map shows the location of SILVERWOOD, 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 SILVERWOOD). 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 SILVERWOOD?

SILVERWOOD is located on BIRCH CLOSE in WEDMORE, in the BS28 postcode district. The below map shows the position of SILVERWOOD on BIRCH CLOSE.