1, THE SQUARE, SHIPHAM, WINSCOMBE, BS25 1TN - £402,000

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.

1 THE SQUARE is a small extended terraced house of 104m², built sometime before 1900, which could now be worth an estimated £417,750. It was last sold for £402,000 in December 2023, which was around 80% above the average December 2023 terraced price in the Somerset local authority area. The most recent EPC inspection was August 2023, where the current energy rating was F, and the potential energy rating was D.

1 THE SQUARE Sold Prices

Land registry data shows two sales for 1 THE SQUARE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Somerset local authority area for the corresponding sale date. Both of the two 1 THE SQUARE 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
2023 15 DEC	£402,000	£223,667	80% above HPI
1995 29 JUN	£72,000	£42,380	70% above HPI

1 THE SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Somerset local authority area over time, sourced from the HPI. The two 1 THE SQUARE sales from June 1995 and December 2023 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 1995 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the December 2023 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might 1 THE SQUARE be worth now?

1 THE SQUARE might now be worth an estimated £417,750.

This is based on house price inflation of 3.9%, between December 2023 and May 2026, for terraced 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 3.9% inflationary increase is applied to the most recent sale price for 1 THE SQUARE of £402,000 on 15th December 2023. For the value to have increased from £402,000 to £417,750 over the three years and seven months to May 2026, the following assumptions must hold true:

• The value of 1 THE SQUARE has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The December 2023 sale price of £402,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE SQUARE has not materially changed since December 2023.

How Large is 1 THE SQUARE?

1 THE SQUARE is 104m², which includes two extensions, according to the EPC inspection conducted in August 2023. This puts it in the smallest 30% of terraced houses houses in Shipham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Shipham, and where 1 THE SQUARE lies on this distribution: 25% of terraced houses houses are smaller than 1 THE SQUARE, and 75% of houses are larger. Note that EPC data is not available for all properties in Shipham.

1 THE SQUARE: Plot and Title Map

1 THE SQUARE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 1 THE SQUARE, 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 1 THE SQUARE). 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 1 THE SQUARE?

1 THE SQUARE is located in SHIPHAM, in the BS25 postcode district. The below map shows the position of No. 1 on THE SQUARE.