2, MILL LANE, BISHOPS LYDEARD, TAUNTON, TA4 3LN - £300,000

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.

2 MILL LANE is a small extended semi-detached house of 99m², built sometime between 1967 and 1975, which could now be worth an estimated £342,960. It was last sold for £300,000 in September 2021, which was around 18% above the average September 2021 semi-detached price in the Somerset local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

2 MILL LANE Sold Prices

Land registry data shows two sales for 2 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Somerset local authority area for the corresponding sale date. One of the two 2 MILL LANE sales was for above the average price, whilst the other was 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
2021 24 SEP	£300,000	£253,215	18% above HPI
2012 14 MAY	£104,000	£168,828	38% below HPI

2 MILL LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Somerset local authority area over time, sourced from the HPI. The two 2 MILL LANE sales from May 2012 and September 2021 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 2012 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the September 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 2 MILL LANE be worth now?

2 MILL LANE might now be worth an estimated £342,960.

This is based on house price inflation of 14.3%, between September 2021 and February 2025, for semi-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 14.3% inflationary increase is applied to the most recent sale price for 2 MILL LANE of £300,000 on 24th September 2021. For the value to have increased from £300,000 to £342,960 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 MILL LANE has moved in line with the HPI for semi-detached houses in the Somerset local authority area.
• The September 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MILL LANE has not materially changed since September 2021.

How Large is 2 MILL LANE?

2 MILL LANE is 99m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the smallest 30% of semi-detached houses houses in Bishops Lydeard, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Bishops Lydeard, and where 2 MILL LANE lies on this distribution: 27% of semi-detached houses houses are smaller than 2 MILL LANE, and 73% of houses are larger. Note that EPC data is not available for all properties in Bishops Lydeard.

2 MILL LANE: Plot and Title Map

2 MILL LANE sits on a plot of roughly 0.127 of an acre, or 512m². The below map shows the location of 2 MILL LANE, 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 2 MILL LANE). 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 2 MILL LANE?

2 MILL LANE is located in BISHOPS LYDEARD, in the TA4 postcode district. The below map shows the position of No. 2 on MILL LANE.