THE SKEP, OXFORD STREET, EVERCREECH, SHEPTON MALLET, BA4 6HT - £324,000

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 SKEP is a very small detached house of 74m², which could now be worth an estimated £377,648. It was last sold for £324,000 in April 2021, which was around 18% below the average April 2021 detached price in the Somerset local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was A.

THE SKEP Sold Prices

Land registry data shows two sales for THE SKEP 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 SKEP 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
2021 22 APR	£324,000	£395,021	18% below HPI
2019 28 JUN	£312,500	£368,067	15% below HPI

THE SKEP 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 SKEP sales from June 2019 and April 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 June 2019 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2021 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might THE SKEP be worth now?

THE SKEP might now be worth an estimated £377,648.

This is based on house price inflation of 16.6%, between April 2021 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 16.6% inflationary increase is applied to the most recent sale price for THE SKEP of £324,000 on 22nd April 2021. For the value to have increased from £324,000 to £377,648 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of THE SKEP has moved in line with the HPI for detached houses in the Somerset local authority area.
• The April 2021 sale price of £324,000 represented a fair market value for the property.
• The size, condition, and specification of THE SKEP has not materially changed since April 2021.

How Large is THE SKEP?

THE SKEP is 74m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of detached houses houses in Evercreech, based on EPC data. The below chart shows the distribution of detached houses houses by size in Evercreech, and where THE SKEP lies on this distribution: 17% of detached houses houses are smaller than THE SKEP, and 83% of houses are larger. Note that EPC data is not available for all properties in Evercreech.

THE SKEP: Plot and Title Map

THE SKEP sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of THE SKEP, 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 SKEP). 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 SKEP?

THE SKEP is located on OXFORD STREET in EVERCREECH, in the BA4 postcode district. The below map shows the position of THE SKEP on OXFORD STREET.