THE COTTAGE, HANNAH MORE CLOSE, CHEDDAR, BS27 3HQ - £335,000

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 COTTAGE is a very small detached house of 57m², built sometime between 1983 and 1990. It was last sold for £335,000 in April 2022, which was around 22% below the average April 2022 detached price in the Somerset local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows five sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the five 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
2022 14 APR	£335,000	£429,266	22% below HPI
2006 28 APR	£215,000	£255,800	16% below HPI
2002 24 OCT	£155,000	£199,246	22% below HPI
2001 8 JUN	£97,000	£148,331	35% below HPI
1995 20 DEC	£65,000	£82,865	22% 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 five THE COTTAGE sales between December 1995 and April 2022 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 April 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the April 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 57m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses by size in Cheddar, and where THE COTTAGE lies on this distribution: 1% of detached houses are smaller than THE COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

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 HANNAH MORE CLOSE in CHEDDAR, in the BS27 postcode district. The below map shows the position of THE COTTAGE on HANNAH MORE CLOSE.