SMITHFIELD, MILLBATCH LANE, MEARE, GLASTONBURY, BA6 9TD - £540,000

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

SMITHFIELD is a large extended detached house of 154m², built sometime between 1900 and 1929. It was last sold for £540,000 in October 2023, which was around 21% above the average October 2023 detached price in the Somerset local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

SMITHFIELD Sold Prices

Land registry data shows two sales for SMITHFIELD 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 SMITHFIELD 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 OCT	£540,000	£447,775	21% above HPI
2005 28 JUL	£278,000	£255,565	9% above HPI

SMITHFIELD 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 SMITHFIELD sales from July 2005 and October 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 July 2005 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the October 2023 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is SMITHFIELD?

SMITHFIELD is 154m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 30% of detached houses in Oxenpill, based on EPC data. The below chart shows the distribution of detached houses by size in Oxenpill, and where SMITHFIELD lies on this distribution: 76% of detached houses are smaller than SMITHFIELD, and 24% of houses are larger. Note that EPC data is not available for all properties in Oxenpill.

SMITHFIELD: Plot and Title Map

SMITHFIELD sits on a plot of roughly 2.0 acres, or 8,127m². The below map shows the location of SMITHFIELD, 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 SMITHFIELD). 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 SMITHFIELD?

SMITHFIELD is located on MILLBATCH LANE in MEARE, in the BA6 postcode district. The below map shows the position of SMITHFIELD on MILLBATCH LANE.