SOMERMEAD, THE STREET, CHILCOMPTON, RADSTOCK, BA3 4HG - £480,000

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

SOMERMEAD is a midsized detached house of 141m². It was last sold for £480,000 in May 2021, which was around 25% above the average May 2021 detached price in the Somerset local authority area. The most recent EPC inspection was May 2014, where the current energy rating was B, and the potential energy rating was B.

SOMERMEAD Sold Prices

Land registry data shows two sales for SOMERMEAD 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 SOMERMEAD 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
2021 7 MAY	£480,000	£383,461	25% above HPI
2014 24 OCT	£320,000	£294,639	9% above HPI

SOMERMEAD 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 SOMERMEAD sales from October 2014 and May 2021 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 2014 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the May 2021 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is SOMERMEAD?

SOMERMEAD is 141m² according to the EPC inspection conducted in May 2014. This puts it in the largest 40% of detached houses in Chilcompton, based on EPC data. The below chart shows the distribution of detached houses by size in Chilcompton, and where SOMERMEAD lies on this distribution: 60% of detached houses are smaller than SOMERMEAD, and 40% of houses are larger. Note that EPC data is not available for all properties in Chilcompton.

SOMERMEAD: Plot and Title Map

SOMERMEAD sits on a plot of roughly 0.157 of an acre, or 634m². The below map shows the location of SOMERMEAD, 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 SOMERMEAD). 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 SOMERMEAD?

SOMERMEAD is located on THE STREET in CHILCOMPTON, in the BA3 postcode district. The below map shows the position of SOMERMEAD on THE STREET.