2, NORTH GROVE, WELLS, BA5 2TD - £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.

2 NORTH GROVE is a large terraced house of 155m², built sometime between 1983 and 1990, which could now be worth an estimated £515,301. It was last sold for £315,000 in March 2013, which was around 122% above the average March 2013 terraced price in the Somerset local authority area. The most recent EPC inspection was June 2010, where the current energy rating was C, and the potential energy rating was C.

2 NORTH GROVE Sold Prices

Land registry data shows two sales for 2 NORTH GROVE 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 2 NORTH GROVE 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
2013 5 MAR	£315,000	£142,083	122% above HPI
2006 13 NOV	£380,000	£148,581	156% above HPI

2 NORTH GROVE 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 2 NORTH GROVE sales from November 2006 and March 2013 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 November 2006 sale was for 156% above the HPI. So the extrapolation line tracks at 156% above the HPI over time, until the March 2013 sale, where it falls to 122% above the HPI. The line then continues to track at 122% above the HPI.

What might 2 NORTH GROVE be worth now?

2 NORTH GROVE might now be worth an estimated £515,301.

This is based on house price inflation of 63.6%, between March 2013 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 63.6% inflationary increase is applied to the most recent sale price for 2 NORTH GROVE of £315,000 on 5th March 2013. For the value to have increased from £315,000 to £515,301 over the twelve years and ten months to May 2026, the following assumptions must hold true:

• The value of 2 NORTH GROVE has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The March 2013 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NORTH GROVE has not materially changed since March 2013.

How Large is 2 NORTH GROVE?

2 NORTH GROVE is 155m² according to the EPC inspection conducted in June 2010. This puts it in the largest 30% of terraced houses houses in Wells, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wells, and where 2 NORTH GROVE lies on this distribution: 77% of terraced houses houses are smaller than 2 NORTH GROVE, and 23% of houses are larger. Note that EPC data is not available for all properties in Wells.

2 NORTH GROVE: Plot and Title Map

2 NORTH GROVE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 2 NORTH GROVE, 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 NORTH GROVE). 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 NORTH GROVE?

2 NORTH GROVE is located in WELLS, in the BA5 postcode district. The below map shows the position of No. 2 on NORTH GROVE.