3, RICHMOND STREET, MONKTON HEATHFIELD, TAUNTON, TA2 8GY - £250,000

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 RICHMOND STREET is a very small terraced house of 73m², which could now be worth an estimated £240,820. It was last sold for £250,000 in October 2022, which was around 6% above the average October 2022 terraced price in the Somerset local authority area. The most recent EPC inspection was December 2019, where the current energy rating was B, and the potential energy rating was A.

3 RICHMOND STREET Sold Prices

Land registry data shows two sales for 3 RICHMOND STREET 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 3 RICHMOND 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
2022 14 OCT	£250,000	£236,275	6% above HPI
2019 19 DEC	£217,995	£185,333	18% above HPI

3 RICHMOND STREET 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 3 RICHMOND STREET sales from December 2019 and October 2022 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 December 2019 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the October 2022 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 3 RICHMOND STREET be worth now?

3 RICHMOND STREET might now be worth an estimated £240,820.

This is based on house price deflation of 3.7%, between October 2022 and July 2025, 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 3.7% deflationary decrease is applied to the most recent sale price for 3 RICHMOND STREET of £250,000 on 14th October 2022. For the value to have decreased from £250,000 to £240,820 over the three years and three months to July 2025, the following assumptions must hold true:

• The value of 3 RICHMOND STREET has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The October 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RICHMOND STREET has not materially changed since October 2022.

How Large is 3 RICHMOND STREET?

3 RICHMOND STREET is 73m² according to the EPC inspection conducted in December 2019. This puts it in the smallest 10% of terraced houses houses in Monkton Heathfield, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Monkton Heathfield, and where 3 RICHMOND STREET lies on this distribution: 2% of terraced houses houses are smaller than 3 RICHMOND STREET, and 98% of houses are larger. Note that EPC data is not available for all properties in Monkton Heathfield.

3 RICHMOND STREET: Plot and Title Map

3 RICHMOND STREET sits on a plot of roughly 0.035 of an acre, or 142m². The below map shows the location of 3 RICHMOND 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 3 RICHMOND 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 3 RICHMOND STREET?

3 RICHMOND STREET is located in MONKTON HEATHFIELD, in the TA2 postcode district. The below map shows the position of No. 3 on RICHMOND STREET.