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 LAURELS is a large extended detached house of 140m², built sometime before 1900. It was last sold for £500,000 in September 2022, which was around 10% above the average September 2022 detached price in the Somerset local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows two sales for THE LAURELS since 1st 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. One of the two THE LAURELS sales was for above the average price, whilst the other was 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 20 SEP | £500,000 | £454,323 | 10% above HPI |
2021 12 MAY | £330,000 | £383,461 | 14% below HPI |
The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The two THE LAURELS sales from May 2021 and September 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 May 2021 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2022 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.
THE LAURELS is 140m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the largest 40% of detached houses in East Brent, based on EPC data. The below chart shows the distribution of detached houses by size in East Brent, and where THE LAURELS lies on this distribution: 66% of detached houses are smaller than THE LAURELS, and 33% of houses are larger. Note that EPC data is not available for all properties in East Brent.
THE LAURELS sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of THE LAURELS, 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 LAURELS). 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.
THE LAURELS is located on OLD BRISTOL ROAD in EAST BRENT, in the TA9 postcode district. The below map shows the position of THE LAURELS on OLD BRISTOL ROAD.