THE OLD CHAPEL, FORE STREET, OTHERY, BRIDGWATER, TA7 0QH - £495,000

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 OLD CHAPEL is a very large extended detached house of 263m², built sometime between 2007 and 2011. It was last sold for £495,000 in June 2021, which was around 28% above the average June 2021 detached price in the Somerset local authority area. The most recent EPC inspection was November 2020, where the current energy rating was E, and the potential energy rating was C.

THE OLD CHAPEL Sold Prices

Land registry data shows four sales for THE OLD CHAPEL since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Most of the four THE OLD CHAPEL 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
2021 30 JUN	£495,000	£386,350	28% above HPI
2016 9 NOV	£360,000	£328,423	10% above HPI
2011 13 OCT	£320,000	£273,294	17% above HPI
2006 2 FEB	£100,000	£253,301	61% below HPI

THE OLD CHAPEL 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 four THE OLD CHAPEL sales between February 2006 and June 2021 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 2016 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the June 2021 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is THE OLD CHAPEL?

THE OLD CHAPEL is 263m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the largest 10% of detached houses in Othery, based on EPC data. The below chart shows the distribution of detached houses by size in Othery, and where THE OLD CHAPEL lies on this distribution: 94% of detached houses are smaller than THE OLD CHAPEL, and 6% of houses are larger. Note that EPC data is not available for all properties in Othery.

THE OLD CHAPEL: Plot and Title Map

THE OLD CHAPEL sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of THE OLD CHAPEL, 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 OLD CHAPEL). 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 OLD CHAPEL?

THE OLD CHAPEL is located on FORE STREET in OTHERY, in the TA7 postcode district. The below map shows the position of THE OLD CHAPEL on FORE STREET.