3, OWEN DRIVE, FAILAND, BRISTOL, BS8 3UE - £625,000

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.

3 OWEN DRIVE is a small detached house of 125m², built sometime between 1967 and 1975, which could now be worth an estimated £828,337. It was last sold for £625,000 in August 2017, which was around 55% above the average August 2017 detached price in the North Somerset local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

3 OWEN DRIVE Sold Prices

Land registry data shows two sales for 3 OWEN DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Somerset local authority area for the corresponding sale date. Both of the two 3 OWEN DRIVE 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
2017 17 AUG	£625,000	£403,956	55% above HPI
2013 21 AUG	£370,000	£303,728	22% above HPI

3 OWEN DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Somerset local authority area over time, sourced from the HPI. The two 3 OWEN DRIVE sales from August 2013 and August 2017 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 August 2013 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2017 sale, where it rises to 55% above the HPI. The line then continues to track at 55% above the HPI.

What might 3 OWEN DRIVE be worth now?

3 OWEN DRIVE might now be worth an estimated £828,337.

This is based on house price inflation of 32.5%, between August 2017 and May 2026, for detached houses, in the North Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.5% inflationary increase is applied to the most recent sale price for 3 OWEN DRIVE of £625,000 on 17th August 2017. For the value to have increased from £625,000 to £828,337 over the nine years and three months to May 2026, the following assumptions must hold true:

• The value of 3 OWEN DRIVE has moved in line with the HPI for detached houses in the North Somerset local authority area.
• The August 2017 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OWEN DRIVE has not materially changed since August 2017.

How Large is 3 OWEN DRIVE?

3 OWEN DRIVE is 125m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 40% of detached houses houses in Failand, based on EPC data. The below chart shows the distribution of detached houses houses by size in Failand, and where 3 OWEN DRIVE lies on this distribution: 31% of detached houses houses are smaller than 3 OWEN DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Failand.

3 OWEN DRIVE: Plot and Title Map

3 OWEN DRIVE sits on a plot of roughly 0.158 of an acre, or 639m². The below map shows the location of 3 OWEN DRIVE, 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 3 OWEN DRIVE). 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 3 OWEN DRIVE?

3 OWEN DRIVE is located in FAILAND, in the BS8 postcode district. The below map shows the position of No. 3 on OWEN DRIVE.