THE CLOSE, WEST END, WEDMORE, BS28 4BN - £1,075,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

THE CLOSE is a very large extended detached house of 395m², built sometime before 1900. It was last sold for £1,075,000 in September 2016, which was around 231% above the average September 2016 detached price in the Somerset local authority area. The most recent EPC inspection was March 2011, where the current energy rating was F, and the potential energy rating was E.

THE CLOSE Sold Prices

Land registry data shows three sales for THE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three THE CLOSE 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
2016 8 SEP	£1,075,000	£324,930	231% above HPI
2011 25 AUG	£955,000	£274,510	248% above HPI
1995 2 JUN	£251,500	£84,667	197% above HPI

THE CLOSE 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 three THE CLOSE sales between June 1995 and September 2016 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 2011 sale was for 248% above the HPI. So the extrapolation line tracks at 248% above the HPI over time, until the September 2016 sale, where it falls to 231% above the HPI. The line then continues to track at 231% above the HPI.

How Large is THE CLOSE?

THE CLOSE is 395m², which includes one extension, according to the EPC inspection conducted in March 2011. This puts it in the largest 10% of detached houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses by size in Wedmore, and where THE CLOSE lies on this distribution: 99% of detached houses are smaller than THE CLOSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

THE CLOSE: Plot and Title Map

THE CLOSE sits on a plot of roughly 0.381 of an acre, or 1,542m². The below map shows the location of THE CLOSE, 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 CLOSE). 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 CLOSE?

THE CLOSE is located on WEST END in WEDMORE, in the BS28 postcode district. The below map shows the position of THE CLOSE on WEST END.