SOMERSET HOUSE, SOMERSET PLACE, TOTNES, TQ9 5AX - £545,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SOMERSET HOUSE is a midsized extended detached house of 124m², built sometime between 2003 and 2006, which could now be worth an estimated £545,871. It was last sold for £545,000 in February 2024, which was around 6% below the average February 2024 detached price in the South Hams local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was B.

SOMERSET HOUSE Sold Prices

Land registry data shows three sales for SOMERSET HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Hams local authority area for the corresponding sale date. Two of the three SOMERSET HOUSE sales were for below the average price, whilst one was 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
2024 28 FEB	£545,000	£582,804	6% below HPI
2021 30 JUN	£475,000	£517,942	8% below HPI
2009 9 JAN	£350,000	£310,756	13% above HPI

SOMERSET HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Hams local authority area over time, sourced from the HPI. The three SOMERSET HOUSE sales between January 2009 and February 2024 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 June 2021 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2024 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might SOMERSET HOUSE be worth now?

SOMERSET HOUSE might now be worth an estimated £545,871.

This is based on house price inflation of 0.2%, between February 2024 and February 2025, for detached houses, in the South Hams local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.2% inflationary increase is applied to the most recent sale price for SOMERSET HOUSE of £545,000 on 28th February 2024. For the value to have increased from £545,000 to £545,871 over the one year to February 2025, the following assumptions must hold true:

• The value of SOMERSET HOUSE has moved in line with the HPI for detached houses in the South Hams local authority area.
• The February 2024 sale price of £545,000 represented a fair market value for the property.
• The size, condition, and specification of SOMERSET HOUSE has not materially changed since February 2024.

How Large is SOMERSET HOUSE?

SOMERSET HOUSE is 124m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses houses in Totnes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Totnes, and where SOMERSET HOUSE lies on this distribution: 52% of detached houses houses are smaller than SOMERSET HOUSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Totnes.

SOMERSET HOUSE: Plot and Title Map

SOMERSET HOUSE sits on a plot of roughly 0.028 of an acre, or 113m². The below map shows the location of SOMERSET HOUSE, 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 SOMERSET HOUSE). 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 SOMERSET HOUSE?

SOMERSET HOUSE is located on SOMERSET PLACE in TOTNES, in the TQ9 postcode district. The below map shows the position of SOMERSET HOUSE on SOMERSET PLACE.