THE FIRS, BUTTS WAY, MILVERTON, TAUNTON, TA4 1ND - £510,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE FIRS is a large extended detached house of 155m², built sometime between 1930 and 1949, which could now be worth an estimated £689,003. It was last sold for £510,000 in December 2016, which was around 50% above the average December 2016 detached price in the Somerset local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was C.

THE FIRS Sold Prices

Land registry data shows three sales for THE FIRS 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 FIRS 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 15 DEC	£510,000	£338,934	50% above HPI
2005 21 OCT	£376,000	£265,974	41% above HPI
2001 28 FEB	£185,000	£142,297	30% above HPI

THE FIRS 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 FIRS sales between February 2001 and December 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 October 2005 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the December 2016 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might THE FIRS be worth now?

THE FIRS might now be worth an estimated £689,003.

This is based on house price inflation of 35.1%, between December 2016 and December 2024, 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 35.1% inflationary increase is applied to the most recent sale price for THE FIRS of £510,000 on 15th December 2016. For the value to have increased from £510,000 to £689,003 over the eight years to December 2024, the following assumptions must hold true:

• The value of THE FIRS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The December 2016 sale price of £510,000 represented a fair market value for the property.
• The size, condition, and specification of THE FIRS has not materially changed since December 2016.

How Large is THE FIRS?

THE FIRS is 155m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the largest 30% of detached houses houses in Milverton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milverton, and where THE FIRS lies on this distribution: 74% of detached houses houses are smaller than THE FIRS, and 26% of houses are larger. Note that EPC data is not available for all properties in Milverton.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 1.4 acres, or 5,817m². The below map shows the location of THE FIRS, 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 FIRS). 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 FIRS?

THE FIRS is located on BUTTS WAY in MILVERTON, in the TA4 postcode district. The below map shows the position of THE FIRS on BUTTS WAY.