SOMERLEA, MONGER LANE, MIDSOMER NORTON, RADSTOCK, BA3 2SP - £425,000

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

SOMERLEA is a large extended detached house of 129m², built sometime between 1930 and 1949. It was last sold for £425,000 in February 2019, which was around 23% below the average February 2019 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was April 2017, where the current energy rating was F, and the potential energy rating was D.

SOMERLEA Sold Prices

Land registry data shows three sales for SOMERLEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bath and North East Somerset local authority area for the corresponding sale date. All of the three SOMERLEA sales were for below 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
2019 27 FEB	£425,000	£555,282	23% below HPI
2000 30 OCT	£156,000	£206,652	25% below HPI
1996 26 JAN	£96,000	£108,106	11% below HPI

SOMERLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The three SOMERLEA sales between January 1996 and February 2019 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 October 2000 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is SOMERLEA?

SOMERLEA is 129m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the largest 30% of detached houses in Midsomer Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Midsomer Norton, and where SOMERLEA lies on this distribution: 75% of detached houses are smaller than SOMERLEA, and 24% of houses are larger. Note that EPC data is not available for all properties in Midsomer Norton.

SOMERLEA: Plot and Title Map

SOMERLEA sits on a plot of roughly 0.192 of an acre, or 778m². The below map shows the location of SOMERLEA, 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 SOMERLEA). 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 SOMERLEA?

SOMERLEA is located on MONGER LANE in MIDSOMER NORTON, in the BA3 postcode district. The below map shows the position of SOMERLEA on MONGER LANE.