6, THE DRIVE, WOOLAVINGTON, BRIDGWATER, TA7 8EJ - £248,000

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 THE DRIVE is a small detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £410,631. It was last sold for £248,000 in June 2012, which was around 10% below the average June 2012 detached price in the Somerset local authority area. The most recent EPC inspection was November 2011, where the current energy rating was E, and the potential energy rating was D.

6 THE DRIVE Sold Prices

Land registry data shows four sales for 6 THE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the four 6 THE DRIVE sales were for below 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
2012 7 JUN	£248,000	£276,806	10% below HPI
2004 6 SEP	£243,000	£265,120	8% below HPI
2000 17 NOV	£95,000	£147,028	35% below HPI
1995 24 OCT	£83,950	£87,148	4% below HPI

6 THE DRIVE 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 four 6 THE DRIVE sales between October 1995 and June 2012 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 September 2004 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the June 2012 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 6 THE DRIVE be worth now?

6 THE DRIVE might now be worth an estimated £410,631.

This is based on house price inflation of 65.6%, between June 2012 and May 2026, 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 65.6% inflationary increase is applied to the most recent sale price for 6 THE DRIVE of £248,000 on 7th June 2012. For the value to have increased from £248,000 to £410,631 over the fourteen years and one month to May 2026, the following assumptions must hold true:

• The value of 6 THE DRIVE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The June 2012 sale price of £248,000 represented a fair market value for the property.
• The size, condition, and specification of 6 THE DRIVE has not materially changed since June 2012.

How Large is 6 THE DRIVE?

6 THE DRIVE is 87m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 30% of detached houses houses in Woolavington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woolavington, and where 6 THE DRIVE lies on this distribution: 27% of detached houses houses are smaller than 6 THE DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Woolavington.

6 THE DRIVE: Plot and Title Map

6 THE DRIVE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 6 THE 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 6 THE 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 6 THE DRIVE?

6 THE DRIVE is located in WOOLAVINGTON, in the TA7 postcode district. The below map shows the position of No. 6 on THE DRIVE.