TAP COTTAGE, HIGH STREET, MILVERTON, TAUNTON, TA4 1LL - £565,000

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

TAP COTTAGE is a midsized extended detached house of 116m², built sometime before 1900, which could now be worth an estimated £585,220. It was last sold for £565,000 in July 2024, which was around 28% above the average July 2024 detached price in the Somerset local authority area. The most recent EPC inspection was January 2017, where the current energy rating was D, and the potential energy rating was B.

TAP COTTAGE Sold Prices

Land registry data shows two sales for TAP 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 TAP 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
2024 30 JUL	£565,000	£442,074	28% above HPI
1995 14 JUL	£136,000	£86,887	57% above HPI

TAP 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 TAP COTTAGE sales from July 1995 and July 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 July 1995 sale was for 57% above the HPI. So the extrapolation line tracks at 57% above the HPI over time, until the July 2024 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might TAP COTTAGE be worth now?

TAP COTTAGE might now be worth an estimated £585,220.

This is based on house price inflation of 3.6%, between July 2024 and December 2024, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.6% inflationary increase is applied to the most recent sale price for TAP COTTAGE of £565,000 on 30th July 2024. For the value to have increased from £565,000 to £585,220 over the seven months to December 2024, the following assumptions must hold true:

• The value of TAP COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The July 2024 sale price of £565,000 represented a fair market value for the property.
• The size, condition, and specification of TAP COTTAGE has not materially changed since July 2024.

How Large is TAP COTTAGE?

TAP COTTAGE is 116m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the smallest 50% of detached houses houses in Milverton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milverton, and where TAP COTTAGE lies on this distribution: 45% of detached houses houses are smaller than TAP COTTAGE, and 55% of houses are larger. Note that EPC data is not available for all properties in Milverton.

TAP COTTAGE: Plot and Title Map

TAP COTTAGE sits on a plot of roughly 0.170 of an acre, or 687m². The below map shows the location of TAP 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 TAP 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 TAP COTTAGE?

TAP COTTAGE is located on HIGH STREET in MILVERTON, in the TA4 postcode district. The below map shows the position of TAP COTTAGE on HIGH STREET.