UNDER ELMS, PILCORN STREET, WEDMORE, BS28 4AW - £565,000

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

UNDER ELMS is a midsized extended detached house of 146m², built sometime between 1967 and 1975. It was last sold for £565,000 in March 2024, which was around 30% above the average March 2024 detached price in the Somerset local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was C.

UNDER ELMS Sold Prices

Land registry data shows four sales for UNDER ELMS 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. two of the four UNDER ELMS sales were for above the average price, and four 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
2024 19 MAR	£565,000	£433,702	30% above HPI
2009 4 DEC	£400,000	£265,584	51% above HPI
2001 31 AUG	£148,500	£153,128	3% below HPI
1997 27 AUG	£86,000	£95,508	10% below HPI

UNDER ELMS 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 UNDER ELMS sales between August 1997 and March 2024 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 2009 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the March 2024 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is UNDER ELMS?

UNDER ELMS is 146m², which includes two extensions, according to the EPC inspection conducted in October 2023. This puts it in the largest 40% of detached houses in Wedmore, based on EPC data. The below chart shows the distribution of detached houses by size in Wedmore, and where UNDER ELMS lies on this distribution: 60% of detached houses are smaller than UNDER ELMS, and 40% of houses are larger. Note that EPC data is not available for all properties in Wedmore.

UNDER ELMS: Plot and Title Map

UNDER ELMS sits on a plot of roughly 0.248 of an acre, or 1,003m². The below map shows the location of UNDER ELMS, 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 UNDER ELMS). 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 UNDER ELMS?

UNDER ELMS is located on PILCORN STREET in WEDMORE, in the BS28 postcode district. The below map shows the position of UNDER ELMS on PILCORN STREET.