THE COTTAGE, SHEPHERDS LANE, CHARD, TA20 1QU - £250,000

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 large semi-detached house of 128m², built sometime before 1900, which could now be worth an estimated £312,614. It was last sold for £250,000 in August 2019, which was around 9% above the average August 2019 semi-detached price in the Somerset local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows four sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Somerset local authority area for the corresponding sale date. All of the four THE COTTAGE 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
2019 14 AUG	£250,000	£228,949	9% above HPI
2013 8 FEB	£190,000	£169,776	12% above HPI
2011 8 JUN	£175,000	£170,648	3% above HPI
2004 30 SEP	£215,000	£162,110	33% above HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Somerset local authority area over time, sourced from the HPI. The four THE COTTAGE sales between September 2004 and August 2019 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 February 2013 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the August 2019 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £312,614.

This is based on house price inflation of 25%, between August 2019 and March 2025, for semi-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% inflationary increase is applied to the most recent sale price for THE COTTAGE of £250,000 on 14th August 2019. For the value to have increased from £250,000 to £312,614 over the six years and five months to March 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for semi-detached houses in the Somerset local authority area.
• The August 2019 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since August 2019.

How Large is THE COTTAGE?

THE COTTAGE is 128m² according to the EPC inspection conducted in March 2019. This puts it in the largest 30% of semi-detached houses houses in Chard, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chard, and where THE COTTAGE lies on this distribution: 75% of semi-detached houses houses are smaller than THE COTTAGE, and 24% of houses are larger. Note that EPC data is not available for all properties in Chard.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.075 of an acre, or 303m². 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 SHEPHERDS LANE in CHARD, in the TA20 postcode district. The below map shows the position of THE COTTAGE on SHEPHERDS LANE.