UNDERWOOD, CHEDDAR ROAD, AXBRIDGE, BS26 2DP - £387,000

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

UNDERWOOD is a large extended detached house of 147m², built sometime between 1930 and 1949. It was last sold for £387,000 in September 2015, which was around 25% above the average September 2015 detached price in the Somerset local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

UNDERWOOD Sold Prices

Land registry data shows two sales for UNDERWOOD 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 UNDERWOOD 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 28 SEP	£387,000	£309,669	25% above HPI
2002 7 OCT	£250,000	£199,246	25% above HPI

UNDERWOOD 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 UNDERWOOD sales from October 2002 and September 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 October 2002 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the September 2015 sale, which was also at 25% above the HPI.

How Large is UNDERWOOD?

UNDERWOOD is 147m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 30% of detached houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses by size in Cheddar, and where UNDERWOOD lies on this distribution: 73% of detached houses are smaller than UNDERWOOD, and 26% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

UNDERWOOD: Plot and Title Map

UNDERWOOD sits on a plot of roughly 0.556 of an acre, or 2,250m². The below map shows the location of UNDERWOOD, 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 UNDERWOOD). 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 UNDERWOOD?

UNDERWOOD is located on CHEDDAR ROAD in AXBRIDGE, in the BS26 postcode district. The below map shows the position of UNDERWOOD on CHEDDAR ROAD.