13, NYE CLOSE, CHEDDAR, BS27 3PB - £277,500

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.

13 NYE CLOSE is a very small extended terraced house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £287,020. It was last sold for £277,500 in May 2023, which was around 23% above the average May 2023 terraced price in the Somerset local authority area. The most recent EPC inspection was December 2022, where the current energy rating was E, and the potential energy rating was C.

13 NYE CLOSE Sold Prices

Land registry data shows three sales for 13 NYE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Somerset local authority area for the corresponding sale date. All of the three 13 NYE 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
2023 24 MAY	£277,500	£224,721	23% above HPI
2001 6 SEP	£75,250	£71,650	5% above HPI
1998 3 AUG	£54,000	£50,096	8% above HPI

13 NYE CLOSE 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 three 13 NYE CLOSE sales between August 1998 and May 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 September 2001 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2023 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 13 NYE CLOSE be worth now?

13 NYE CLOSE might now be worth an estimated £287,020.

This is based on house price inflation of 3.4%, between May 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 3.4% inflationary increase is applied to the most recent sale price for 13 NYE CLOSE of £277,500 on 24th May 2023. For the value to have increased from £277,500 to £287,020 over the three years to May 2026, the following assumptions must hold true:

• The value of 13 NYE CLOSE has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The May 2023 sale price of £277,500 represented a fair market value for the property.
• The size, condition, and specification of 13 NYE CLOSE has not materially changed since May 2023.

How Large is 13 NYE CLOSE?

13 NYE CLOSE is 73m², which includes two extensions, according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% of terraced houses houses in Cheddar, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cheddar, and where 13 NYE CLOSE lies on this distribution: 3% of terraced houses houses are smaller than 13 NYE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

13 NYE CLOSE: Plot and Title Map

13 NYE CLOSE sits on a plot of roughly 0.100 of an acre, or 403m². The below map shows the location of 13 NYE 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 13 NYE 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 13 NYE CLOSE?

13 NYE CLOSE is located in CHEDDAR, in the BS27 postcode district. The below map shows the position of No. 13 on NYE CLOSE.