6, PHELPS CLOSE, CHARD, TA20 1EA - £215,000

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.

6 PHELPS CLOSE is a very small extended terraced house of 86m², built sometime between 1996 and 2002, which could now be worth an estimated £223,119. It was last sold for £215,000 in April 2022, which was around 3% below the average April 2022 terraced price in the Somerset local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

6 PHELPS CLOSE Sold Prices

Land registry data shows nine sales for 6 PHELPS CLOSE since 1^st January 1995. The below table shows the price paid for the nine sales, along with the average terraced price in the Somerset local authority area for the corresponding sale date. Most of the nine 6 PHELPS CLOSE 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 29 APR	£215,000	£221,799	3% below HPI
2019 10 MAY	£191,500	£180,882	6% above HPI
2017 31 MAR	£165,000	£169,937	3% below HPI
2013 29 NOV	£150,000	£145,601	3% above HPI
2006 21 JUL	£148,000	£143,930	3% above HPI
2002 11 OCT	£105,000	£93,059	13% above HPI
2001 15 JUN	£72,000	£69,070	4% above HPI
1999 14 DEC	£59,500	£57,422	4% above HPI
1998 12 JUN	£53,000	£48,559	9% above HPI

6 PHELPS CLOSE 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 nine 6 PHELPS CLOSE sales between June 1998 and April 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 May 2019 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the April 2022 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 6 PHELPS CLOSE be worth now?

6 PHELPS CLOSE might now be worth an estimated £223,119.

This is based on house price inflation of 3.8%, between April 2022 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 3.8% inflationary increase is applied to the most recent sale price for 6 PHELPS CLOSE of £215,000 on 29th April 2022. For the value to have increased from £215,000 to £223,119 over the four years to April 2026, the following assumptions must hold true:

• The value of 6 PHELPS CLOSE has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The April 2022 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PHELPS CLOSE has not materially changed since April 2022.

How Large is 6 PHELPS CLOSE?

6 PHELPS CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 20% of terraced houses houses in Chard, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Chard, and where 6 PHELPS CLOSE lies on this distribution: 20% of terraced houses houses are smaller than 6 PHELPS CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Chard.

6 PHELPS CLOSE: Plot and Title Map

6 PHELPS CLOSE sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 6 PHELPS CLOSE, 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 6 PHELPS CLOSE). 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 6 PHELPS CLOSE?

6 PHELPS CLOSE is located in CHARD, in the TA20 postcode district. The below map shows the position of No. 6 on PHELPS CLOSE.