THE HOMESTEAD, KENT STREET, CHEDDAR, BS27 3LG - £1,005,000

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 HOMESTEAD is a very large extended detached house of 161m², built sometime before 1900. It was last sold for £1,005,000 in July 2019, which was around 180% above the average July 2019 detached price in the Somerset local authority area. The most recent EPC inspection was July 2011, where the current energy rating was G, and the potential energy rating was D.

THE HOMESTEAD Sold Prices

Land registry data shows two sales for THE HOMESTEAD 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 HOMESTEAD 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 9 JUL	£1,005,000	£358,993	180% above HPI
2015 2 OCT	£750,000	£309,594	142% above HPI

THE HOMESTEAD 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 HOMESTEAD sales from October 2015 and July 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 October 2015 sale was for 142% above the HPI. So the extrapolation line tracks at 142% above the HPI over time, until the July 2019 sale, where it rises to 180% above the HPI. The line then continues to track at 180% above the HPI.

How Large is THE HOMESTEAD?

THE HOMESTEAD is 161m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the largest 20% 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 HOMESTEAD lies on this distribution: 81% of detached houses are smaller than THE HOMESTEAD, and 19% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

THE HOMESTEAD: Plot and Title Map

THE HOMESTEAD sits on a plot of roughly 0.943 of an acre, or 3,816m². The below map shows the location of THE HOMESTEAD, 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 HOMESTEAD). 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 HOMESTEAD?

THE HOMESTEAD is located on KENT STREET in CHEDDAR, in the BS27 postcode district. The below map shows the position of THE HOMESTEAD on KENT STREET.