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

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

WEARE CLOSE is a small extended detached house of 103m², built sometime between 1967 and 1975. It was last sold for £470,000 in October 2022, which was around 3% above 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. Most of the four WEARE CLOSE 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
2022 7 OCT	£470,000	£454,941	3% above HPI
2017 15 MAY	£380,000	£336,160	13% above HPI
2008 6 JUN	£285,000	£288,558	1% below HPI
1997 18 JUL	£95,500	£93,390	2% above 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 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the October 2022 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

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 30% of detached houses in Cross, based on EPC data. The below chart shows the distribution of detached houses by size in Cross, and where WEARE CLOSE lies on this distribution: 21% of detached houses are smaller than WEARE CLOSE, and 79% 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.