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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE CLOSE is a very large extended detached house of 395m², built sometime before 1900, which could now be worth an estimated £1,476,777. It was last sold for £1,075,000 in September 2016, which was around 221% 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	£335,163	221% above HPI
2011 25 AUG	£955,000	£283,155	237% above HPI
1995 2 JUN	£251,500	£87,333	188% 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 237% above the HPI. So the extrapolation line tracks at 237% above the HPI over time, until the September 2016 sale, where it falls to 221% above the HPI. The line then continues to track at 221% above the HPI.

What might THE CLOSE be worth now?

THE CLOSE might now be worth an estimated £1,476,777.

This is based on house price inflation of 37.4%, between September 2016 and February 2025, 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 37.4% inflationary increase is applied to the most recent sale price for THE CLOSE of £1,075,000 on 8th September 2016. For the value to have increased from £1,075,000 to £1,476,777 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of THE CLOSE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The September 2016 sale price of £1,075,000 represented a fair market value for the property.
• The size, condition, and specification of THE CLOSE has not materially changed since September 2016.

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 houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wedmore, and where THE CLOSE lies on this distribution: 99% of detached houses 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.