8, SOMERVILLE CLOSE, SHEPTON MALLET, BA4 4AT - £151,500

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 SOMERVILLE CLOSE is a very small terraced house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £250,215. It was last sold for £151,500 in January 2012, which was around 9% above the average January 2012 terraced price in the Somerset local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

8 SOMERVILLE CLOSE Sold Prices

Land registry data shows three sales for 8 SOMERVILLE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Somerset local authority area for the corresponding sale date. All of the three 8 SOMERVILLE 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
2012 6 JAN	£151,500	£139,366	9% above HPI
2005 4 NOV	£155,000	£135,344	15% above HPI
1999 3 AUG	£72,950	£54,416	34% above HPI

8 SOMERVILLE 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 three 8 SOMERVILLE CLOSE sales between August 1999 and January 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 November 2005 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the January 2012 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 8 SOMERVILLE CLOSE be worth now?

8 SOMERVILLE CLOSE might now be worth an estimated £250,215.

This is based on house price inflation of 65.2%, between January 2012 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 65.2% inflationary increase is applied to the most recent sale price for 8 SOMERVILLE CLOSE of £151,500 on 6th January 2012. For the value to have increased from £151,500 to £250,215 over the thirteen years and nine months to April 2026, the following assumptions must hold true:

• The value of 8 SOMERVILLE CLOSE has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The January 2012 sale price of £151,500 represented a fair market value for the property.
• The size, condition, and specification of 8 SOMERVILLE CLOSE has not materially changed since January 2012.

How Large is 8 SOMERVILLE CLOSE?

8 SOMERVILLE CLOSE is 74m² according to the EPC inspection conducted in September 2020. This puts it in the smallest 10% of terraced houses houses in Shepton Mallet, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Shepton Mallet, and where 8 SOMERVILLE CLOSE lies on this distribution: 8% of terraced houses houses are smaller than 8 SOMERVILLE CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Shepton Mallet.

8 SOMERVILLE CLOSE: Plot and Title Map

8 SOMERVILLE CLOSE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 8 SOMERVILLE 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 8 SOMERVILLE 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 8 SOMERVILLE CLOSE?

8 SOMERVILLE CLOSE is located in SHEPTON MALLET, in the BA4 postcode district. The below map shows the position of No. 8 on SOMERVILLE CLOSE.