SPENCERS COTTAGE, QUAB LANE, WEDMORE, BS28 4AS - £635,000

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

SPENCERS COTTAGE is a large extended detached house of 170m², built sometime before 1900. It was last sold for £635,000 in June 2021, which was around 64% above the average June 2021 detached price in the Somerset local authority area. The most recent EPC inspection was March 2013, where the current energy rating was C, and the potential energy rating was B.

SPENCERS COTTAGE Sold Prices

Land registry data shows two sales for SPENCERS COTTAGE 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 SPENCERS COTTAGE 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 25 JUN	£635,000	£386,350	64% above HPI
2013 23 AUG	£450,000	£275,818	63% above HPI

SPENCERS COTTAGE 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 SPENCERS COTTAGE sales from August 2013 and June 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 August 2013 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the June 2021 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

How Large is SPENCERS COTTAGE?

SPENCERS COTTAGE is 170m², which includes three extensions, according to the EPC inspection conducted in March 2013. This puts it in the largest 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 SPENCERS COTTAGE lies on this distribution: 74% of detached houses are smaller than SPENCERS COTTAGE, and 24% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

SPENCERS COTTAGE: Plot and Title Map

SPENCERS COTTAGE sits on a plot of roughly 0.176 of an acre, or 714m². The below map shows the location of SPENCERS COTTAGE, 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 SPENCERS COTTAGE). 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 SPENCERS COTTAGE?

SPENCERS COTTAGE is located on QUAB LANE in WEDMORE, in the BS28 postcode district. The below map shows the position of SPENCERS COTTAGE on QUAB LANE.