WEARE CLOSE, OLD COACH ROAD, CROSS, AXBRIDGE, BS26 2EQ - £470,000

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.

WEARE CLOSE is a small extended detached house of 103m², built sometime between 1967 and 1975, which could now be worth an estimated £461,146. It was last sold for £470,000 in October 2022, which was about the average October 2022 detached price in the Somerset local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

WEARE CLOSE Sold Prices

Land registry data shows four sales for WEARE CLOSE 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. The four WEARE CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2022 7 OCT	£470,000	£469,269	Close to HPI
2017 15 MAY	£380,000	£346,747	10% above HPI
2008 6 JUN	£285,000	£297,646	4% below HPI
1997 18 JUL	£95,500	£96,331	1% below HPI

WEARE CLOSE 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 WEARE CLOSE sales between July 1997 and October 2022 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 May 2017 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2022 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might WEARE CLOSE be worth now?

WEARE CLOSE might now be worth an estimated £461,146.

This is based on house price deflation of 1.9%, between October 2022 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 1.9% deflationary decrease is applied to the most recent sale price for WEARE CLOSE of £470,000 on 7th October 2022. For the value to have decreased from £470,000 to £461,146 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of WEARE CLOSE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The October 2022 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of WEARE CLOSE has not materially changed since October 2022.

How Large is WEARE CLOSE?

WEARE CLOSE is 103m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 20% of detached houses houses in Cross, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cross, and where WEARE CLOSE lies on this distribution: 20% of detached houses houses are smaller than WEARE CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Cross.

WEARE CLOSE: Plot and Title Map

WEARE CLOSE sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of WEARE CLOSE, 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 WEARE CLOSE). 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 WEARE CLOSE?

WEARE CLOSE is located on OLD COACH ROAD in CROSS, in the BS26 postcode district. The below map shows the position of WEARE CLOSE on OLD COACH ROAD.