TOURMALINE, SPARKHAYES LANE, PORLOCK, MINEHEAD, TA24 8NE - £355,000

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.

TOURMALINE is a small extended detached house of 111m², built sometime between 1930 and 1949, which could now be worth an estimated £528,631. It was last sold for £355,000 in June 2015, which was around 15% above the average June 2015 detached price in the Somerset local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was B.

TOURMALINE Sold Prices

Land registry data shows two sales for TOURMALINE 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 TOURMALINE 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
2015 5 JUN	£355,000	£309,199	15% above HPI
2004 8 DEC	£350,000	£264,037	33% above HPI

TOURMALINE 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 TOURMALINE sales from December 2004 and June 2015 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 December 2004 sale was for 33% above the HPI. So the extrapolation line tracks at 33% above the HPI over time, until the June 2015 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might TOURMALINE be worth now?

TOURMALINE might now be worth an estimated £528,631.

This is based on house price inflation of 48.9%, between June 2015 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 48.9% inflationary increase is applied to the most recent sale price for TOURMALINE of £355,000 on 5th June 2015. For the value to have increased from £355,000 to £528,631 over the ten years and four months to February 2025, the following assumptions must hold true:

• The value of TOURMALINE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The June 2015 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of TOURMALINE has not materially changed since June 2015.

How Large is TOURMALINE?

TOURMALINE is 111m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 40% of detached houses houses in Porlock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Porlock, and where TOURMALINE lies on this distribution: 32% of detached houses houses are smaller than TOURMALINE, and 67% of houses are larger. Note that EPC data is not available for all properties in Porlock.

TOURMALINE: Plot and Title Map

TOURMALINE sits on a plot of roughly 0.155 of an acre, or 627m². The below map shows the location of TOURMALINE, 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 TOURMALINE). 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 TOURMALINE?

TOURMALINE is located on SPARKHAYES LANE in PORLOCK, in the TA24 postcode district. The below map shows the position of TOURMALINE on SPARKHAYES LANE.