WAITS COTTAGE, KNIGHTCOTT ROAD, BANWELL, BS29 6HR - £525,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

WAITS COTTAGE is a very large extended detached house of 149m², built sometime before 1900, which could now be worth an estimated £760,913. It was last sold for £525,000 in November 2015, which was around 45% above the average November 2015 detached price in the North Somerset local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was C.

WAITS COTTAGE Sold Prices

Land registry data shows two sales for WAITS COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Somerset local authority area for the corresponding sale date. Both of the two WAITS COTTAGE 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 13 NOV	£525,000	£362,179	45% above HPI
2007 16 MAR	£375,000	£299,931	25% above HPI

WAITS COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Somerset local authority area over time, sourced from the HPI. The two WAITS COTTAGE sales from March 2007 and November 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 March 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the November 2015 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might WAITS COTTAGE be worth now?

WAITS COTTAGE might now be worth an estimated £760,913.

This is based on house price inflation of 44.9%, between November 2015 and December 2024, for detached houses, in the North Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 44.9% inflationary increase is applied to the most recent sale price for WAITS COTTAGE of £525,000 on 13th November 2015. For the value to have increased from £525,000 to £760,913 over the eight years and eleven months to December 2024, the following assumptions must hold true:

• The value of WAITS COTTAGE has moved in line with the HPI for detached houses in the North Somerset local authority area.
• The November 2015 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of WAITS COTTAGE has not materially changed since November 2015.

How Large is WAITS COTTAGE?

WAITS COTTAGE is 149m², which includes four extensions, according to the EPC inspection conducted in November 2023. This puts it in the largest 20% of detached houses houses in Banwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Banwell, and where WAITS COTTAGE lies on this distribution: 83% of detached houses houses are smaller than WAITS COTTAGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Banwell.

WAITS COTTAGE: Plot and Title Map

WAITS COTTAGE sits on a plot of roughly 0.231 of an acre, or 935m². The below map shows the location of WAITS COTTAGE, 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 WAITS COTTAGE). 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 WAITS COTTAGE?

WAITS COTTAGE is located on KNIGHTCOTT ROAD in BANWELL, in the BS29 postcode district. The below map shows the position of WAITS COTTAGE on KNIGHTCOTT ROAD.