THE CREG, NORVILLE LANE, CHEDDAR, BS27 3HJ - £180,000

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 CREG is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £180,000 in July 2001, which was around 19% above the average July 2001 detached price in the Somerset local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was D.

THE CREG Sold Prices

Land registry data shows two sales for THE CREG 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 CREG 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
2001 20 JUL	£180,000	£151,039	19% above HPI
1999 19 NOV	£137,000	£121,250	13% above HPI

THE CREG 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 CREG sales from November 1999 and July 2001 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 November 1999 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2001 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is THE CREG?

THE CREG is 56m² according to the EPC inspection conducted in October 2011. 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 CREG lies on this distribution: 1% of detached houses are smaller than THE CREG, and 99% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

THE CREG: Plot and Title Map

THE CREG sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of THE CREG, 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 CREG). 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 CREG?

THE CREG is located on NORVILLE LANE in CHEDDAR, in the BS27 postcode district. The below map shows the position of THE CREG on NORVILLE LANE.