VALLEY VIEW, WET LANE, DRAYCOTT, CHEDDAR, BS27 3TG - £415,000

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.

VALLEY VIEW is a midsized detached house of 116m², built sometime between 1950 and 1966, which could now be worth an estimated £548,786. It was last sold for £415,000 in June 2017, which was around 19% above the average June 2017 detached price in the Somerset local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

VALLEY VIEW Sold Prices

Land registry data shows two sales for VALLEY VIEW 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. One of the two VALLEY VIEW sales was for above the average price, whilst the other was 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
2017 15 JUN	£415,000	£348,183	19% above HPI
2016 10 JUN	£287,500	£328,106	12% below HPI

VALLEY VIEW 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 VALLEY VIEW sales from June 2016 and June 2017 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 2016 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2017 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might VALLEY VIEW be worth now?

VALLEY VIEW might now be worth an estimated £548,786.

This is based on house price inflation of 32.2%, between June 2017 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 32.2% inflationary increase is applied to the most recent sale price for VALLEY VIEW of £415,000 on 15th June 2017. For the value to have increased from £415,000 to £548,786 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of VALLEY VIEW has moved in line with the HPI for detached houses in the Somerset local authority area.
• The June 2017 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of VALLEY VIEW has not materially changed since June 2017.

How Large is VALLEY VIEW?

VALLEY VIEW is 116m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 50% of detached houses houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Draycott, and where VALLEY VIEW lies on this distribution: 41% of detached houses houses are smaller than VALLEY VIEW, and 59% of houses are larger. Note that EPC data is not available for all properties in Draycott.

VALLEY VIEW: Plot and Title Map

VALLEY VIEW sits on a plot of roughly 0.231 of an acre, or 936m². The below map shows the location of VALLEY VIEW, 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 VALLEY VIEW). 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 VALLEY VIEW?

VALLEY VIEW is located on WET LANE in DRAYCOTT, in the BS27 postcode district. The below map shows the position of VALLEY VIEW on WET LANE.