THE RIGGS, FOSSE ROAD, OAKHILL, RADSTOCK, BA3 5HU - £215,000

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 RIGGS is a very small detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £349,980. It was last sold for £215,000 in November 2012, which was around 24% below the average November 2012 detached price in the Somerset local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was B.

THE RIGGS Sold Prices

Land registry data shows three sales for THE RIGGS 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 RIGGS sales were 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
2012 21 NOV	£215,000	£282,851	24% below HPI
2001 22 JUN	£140,000	£153,003	8% below HPI
1999 17 SEP	£95,000	£121,722	22% below HPI

THE RIGGS 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 RIGGS sales between September 1999 and November 2012 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 June 2001 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2012 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might THE RIGGS be worth now?

THE RIGGS might now be worth an estimated £349,980.

This is based on house price inflation of 62.8%, between November 2012 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 62.8% inflationary increase is applied to the most recent sale price for THE RIGGS of £215,000 on 21st November 2012. For the value to have increased from £215,000 to £349,980 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of THE RIGGS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The November 2012 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of THE RIGGS has not materially changed since November 2012.

How Large is THE RIGGS?

THE RIGGS is 85m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 20% of detached houses houses in Oakhill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oakhill, and where THE RIGGS lies on this distribution: 13% of detached houses houses are smaller than THE RIGGS, and 85% of houses are larger. Note that EPC data is not available for all properties in Oakhill.

THE RIGGS: Plot and Title Map

THE RIGGS sits on a plot of roughly 0.115 of an acre, or 467m². The below map shows the location of THE RIGGS, 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 RIGGS). 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 RIGGS?

THE RIGGS is located on FOSSE ROAD in OAKHILL, in the BA3 postcode district. The below map shows the position of THE RIGGS on FOSSE ROAD.