WELL HOUSE, SILVER STREET, MISTERTON, CREWKERNE, TA18 8NG - £315,000

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.

WELL HOUSE is a very small detached house of 93m², built sometime between 1950 and 1966, which could now be worth an estimated £331,050. It was last sold for £315,000 in March 2022, which was around 28% below the average March 2022 detached price in the Somerset local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

WELL HOUSE Sold Prices

Land registry data shows two sales for WELL HOUSE 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 WELL HOUSE sales were 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
2022 22 MAR	£315,000	£438,106	28% below HPI
2003 31 OCT	£220,000	£233,715	6% below HPI

WELL HOUSE 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 WELL HOUSE sales from October 2003 and March 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 October 2003 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the March 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might WELL HOUSE be worth now?

WELL HOUSE might now be worth an estimated £331,050.

This is based on house price inflation of 5.1%, between March 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 5.1% inflationary increase is applied to the most recent sale price for WELL HOUSE of £315,000 on 22nd March 2022. For the value to have increased from £315,000 to £331,050 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of WELL HOUSE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The March 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of WELL HOUSE has not materially changed since March 2022.

How Large is WELL HOUSE?

WELL HOUSE is 93m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses houses in Misterton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Misterton, and where WELL HOUSE lies on this distribution: 15% of detached houses houses are smaller than WELL HOUSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Misterton.

WELL HOUSE: Plot and Title Map

WELL HOUSE sits on a plot of roughly 0.095 of an acre, or 386m². The below map shows the location of WELL HOUSE, 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 WELL HOUSE). 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 WELL HOUSE?

WELL HOUSE is located on SILVER STREET in MISTERTON, in the TA18 postcode district. The below map shows the position of WELL HOUSE on SILVER STREET.