8, PARK LANE, CANNINGTON, BRIDGWATER, TA5 2LU - £300,000

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.

8 PARK LANE is a very small detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £362,958. It was last sold for £300,000 in August 2020, which was around 21% below the average August 2020 detached price in the Somerset local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

8 PARK LANE Sold Prices

Land registry data shows three sales for 8 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three 8 PARK LANE 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
2020 18 AUG	£300,000	£378,826	21% below HPI
2015 23 OCT	£295,000	£319,344	8% below HPI
2005 2 AUG	£190,000	£266,383	29% below HPI

8 PARK LANE 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 three 8 PARK LANE sales between August 2005 and August 2020 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 October 2015 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the August 2020 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 8 PARK LANE be worth now?

8 PARK LANE might now be worth an estimated £362,958.

This is based on house price inflation of 21%, between August 2020 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 21% inflationary increase is applied to the most recent sale price for 8 PARK LANE of £300,000 on 18th August 2020. For the value to have increased from £300,000 to £362,958 over the six years and three months to May 2026, the following assumptions must hold true:

• The value of 8 PARK LANE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The August 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PARK LANE has not materially changed since August 2020.

How Large is 8 PARK LANE?

8 PARK LANE is 73m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of detached houses houses in Cannington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cannington, and where 8 PARK LANE lies on this distribution: 3% of detached houses houses are smaller than 8 PARK LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Cannington.

8 PARK LANE: Plot and Title Map

8 PARK LANE sits on a plot of roughly 0.378 of an acre, or 1,530m². The below map shows the location of 8 PARK LANE, 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 8 PARK LANE). 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 8 PARK LANE?

8 PARK LANE is located in CANNINGTON, in the TA5 postcode district. The below map shows the position of No. 8 on PARK LANE.