THE PARKS, PLUD STREET, WEDMORE, BS28 4BQ - £950,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE PARKS is a very large extended detached house of 366m², built sometime before 1900, which could now be worth an estimated £1,165,693. It was last sold for £950,000 in March 2020, which was around 153% above the average March 2020 detached price in the Somerset local authority area. The most recent EPC inspection was July 2012, where the current energy rating was E, and the potential energy rating was C.

THE PARKS Sold Prices

Land registry data shows three sales for THE PARKS 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 PARKS 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
2020 24 MAR	£950,000	£375,234	153% above HPI
2000 30 AUG	£580,000	£142,096	308% above HPI
1998 16 MAR	£230,000	£103,063	123% above HPI

THE PARKS 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 PARKS sales between March 1998 and March 2020 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 August 2000 sale was for 308% above the HPI. So the extrapolation line tracks at 308% above the HPI over time, until the March 2020 sale, where it falls to 153% above the HPI. The line then continues to track at 153% above the HPI.

What might THE PARKS be worth now?

THE PARKS might now be worth an estimated £1,165,693.

This is based on house price inflation of 22.7%, between March 2020 and February 2025, 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 22.7% inflationary increase is applied to the most recent sale price for THE PARKS of £950,000 on 24th March 2020. For the value to have increased from £950,000 to £1,165,693 over the five years and one month to February 2025, the following assumptions must hold true:

• The value of THE PARKS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2020 sale price of £950,000 represented a fair market value for the property.
• The size, condition, and specification of THE PARKS has not materially changed since March 2020.

How Large is THE PARKS?

THE PARKS is 366m², which includes two extensions, according to the EPC inspection conducted in July 2012. This puts it in the largest 10% of detached houses houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wedmore, and where THE PARKS lies on this distribution: 99% of detached houses houses are smaller than THE PARKS, and 1% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

THE PARKS: Plot and Title Map

THE PARKS sits on a plot of roughly 1.3 acres, or 5,141m². The below map shows the location of THE PARKS, 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 PARKS). 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 PARKS?

THE PARKS is located on PLUD STREET in WEDMORE, in the BS28 postcode district. The below map shows the position of THE PARKS on PLUD STREET.