THE BEACON, RICHMOND PLACE, BATH, BA1 5QA - £995,000

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

THE BEACON is a large extended detached house of 174m², built sometime between 1930 and 1949. It was last sold for £995,000 in June 2021, which was around 65% above the average June 2021 detached price in the Bath and North East Somerset local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was D.

THE BEACON Sold Prices

Land registry data shows two sales for THE BEACON since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bath and North East Somerset local authority area for the corresponding sale date. Both of the two THE BEACON 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 30 JUN	£995,000	£604,233	65% above HPI
2015 18 DEC	£850,000	£479,240	77% above HPI

THE BEACON 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 two THE BEACON sales from December 2015 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 December 2015 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the June 2021 sale, where it falls to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is THE BEACON?

THE BEACON is 174m², which includes three extensions, according to the EPC inspection conducted in February 2014. This puts it in the largest 30% of detached houses in Bath, based on EPC data. The below chart shows the distribution of detached houses by size in Bath, and where THE BEACON lies on this distribution: 71% of detached houses are smaller than THE BEACON, and 29% of houses are larger. Note that EPC data is not available for all properties in Bath.

THE BEACON: Plot and Title Map

THE BEACON sits on a plot of roughly 0.177 of an acre, or 715m². The below map shows the location of THE BEACON, 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 THE BEACON). 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 THE BEACON?

THE BEACON is located on RICHMOND PLACE in BATH, in the BA1 postcode district. The below map shows the position of THE BEACON on RICHMOND PLACE.