31, WELLS ROAD, CHILCOMPTON, RADSTOCK, BA3 4EY - £299,950

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.

31 WELLS ROAD is a very small extended terraced house of 87m², built sometime between 1900 and 1929, which could now be worth an estimated £296,483. It was last sold for £299,950 in February 2023, which was around 29% above the average February 2023 terraced price in the Somerset local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

31 WELLS ROAD Sold Prices

Land registry data shows two sales for 31 WELLS ROAD 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 31 WELLS ROAD 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
2023 17 FEB	£299,950	£232,867	29% above HPI
2001 23 AUG	£84,000	£71,061	18% above HPI

31 WELLS ROAD 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 31 WELLS ROAD sales from August 2001 and February 2023 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 2001 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the February 2023 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 31 WELLS ROAD be worth now?

31 WELLS ROAD might now be worth an estimated £296,483.

This is based on house price deflation of 1.2%, between February 2023 and April 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 1.2% deflationary decrease is applied to the most recent sale price for 31 WELLS ROAD of £299,950 on 17th February 2023. For the value to have decreased from £299,950 to £296,483 over the two years and ten months to April 2026, the following assumptions must hold true:

• The value of 31 WELLS ROAD has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The February 2023 sale price of £299,950 represented a fair market value for the property.
• The size, condition, and specification of 31 WELLS ROAD has not materially changed since February 2023.

How Large is 31 WELLS ROAD?

31 WELLS ROAD is 87m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of terraced houses houses in Chilcompton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chilcompton, and where 31 WELLS ROAD lies on this distribution: 14% of terraced houses houses are smaller than 31 WELLS ROAD, and 86% of houses are larger. Note that EPC data is not available for all properties in Chilcompton.

31 WELLS ROAD: Plot and Title Map

31 WELLS ROAD sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 31 WELLS ROAD, 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 31 WELLS ROAD). 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 31 WELLS ROAD?

31 WELLS ROAD is located in CHILCOMPTON, in the BA3 postcode district. The below map shows the position of No. 31 on WELLS ROAD.