23, LOWER STREET, RODE, FROME, BA11 6PU - £575,000

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.

23 LOWER STREET is a very small detached house of 90m², built sometime between 1976 and 1982, which could now be worth an estimated £693,347. It was last sold for £575,000 in August 2020, which was around 52% above the average August 2020 detached price in the Somerset local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was B.

23 LOWER STREET Sold Prices

Land registry data shows two sales for 23 LOWER STREET 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 23 LOWER STREET 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
2020 4 AUG	£575,000	£378,826	52% above HPI
2007 3 JUL	£370,000	£302,085	22% above HPI

23 LOWER STREET 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 23 LOWER STREET sales from July 2007 and August 2020 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 July 2007 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2020 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might 23 LOWER STREET be worth now?

23 LOWER STREET might now be worth an estimated £693,347.

This is based on house price inflation of 20.6%, between August 2020 and August 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 20.6% inflationary increase is applied to the most recent sale price for 23 LOWER STREET of £575,000 on 4th August 2020. For the value to have increased from £575,000 to £693,347 over the five years to August 2025, the following assumptions must hold true:

• The value of 23 LOWER STREET has moved in line with the HPI for detached houses in the Somerset local authority area.
• The August 2020 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of 23 LOWER STREET has not materially changed since August 2020.

How Large is 23 LOWER STREET?

23 LOWER STREET is 90m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses houses in Rode, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rode, and where 23 LOWER STREET lies on this distribution: 16% of detached houses houses are smaller than 23 LOWER STREET, and 84% of houses are larger. Note that EPC data is not available for all properties in Rode.

23 LOWER STREET: Plot and Title Map

23 LOWER STREET sits on a plot of roughly 0.240 of an acre, or 972m². The below map shows the location of 23 LOWER STREET, 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 23 LOWER STREET). 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 23 LOWER STREET?

23 LOWER STREET is located in RODE, in the BA11 postcode district. The below map shows the position of No. 23 on LOWER STREET.