THE COTTAGE, CHURCH STREET, LOPEN, SOUTH PETHERTON, TA13 5JX - £195,000

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 COTTAGE is a very small detached house of 69m², built sometime before 1900, which could now be worth an estimated £245,380. It was last sold for £195,000 in July 2018, which was around 47% below the average July 2018 detached price in the Somerset local authority area. The most recent EPC inspection was June 2010, where the current energy rating was E, and the potential energy rating was E.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 THE COTTAGE sales were for below 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
2018 20 JUL	£195,000	£365,897	47% below HPI
2000 12 MAY	£106,500	£135,442	21% below HPI

THE 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 THE COTTAGE sales from May 2000 and July 2018 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 May 2000 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2018 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £245,380.

This is based on house price inflation of 25.8%, between July 2018 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 25.8% inflationary increase is applied to the most recent sale price for THE COTTAGE of £195,000 on 20th July 2018. For the value to have increased from £195,000 to £245,380 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The July 2018 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since July 2018.

How Large is THE COTTAGE?

THE COTTAGE is 69m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses houses in Lopen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lopen, and where THE COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than THE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lopen.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on CHURCH STREET in LOPEN, in the TA13 postcode district. The below map shows the position of THE COTTAGE on CHURCH STREET.