CHERRY TREE COTTAGE, BLUE ANCHOR, MINEHEAD, TA24 6LB - £475,000

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.

CHERRY TREE COTTAGE is a large extended detached house of 174m², built sometime between 1900 and 1929, which could now be worth an estimated £517,023. It was last sold for £475,000 in November 2021, which was around 13% above the average November 2021 detached price in the Somerset local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was C.

CHERRY TREE COTTAGE Sold Prices

Land registry data shows three sales for CHERRY TREE COTTAGE 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. Two of the three CHERRY TREE COTTAGE sales were for above the average price, whilst one was 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
2021 22 NOV	£475,000	£421,075	13% above HPI
2008 17 JAN	£455,000	£308,865	47% above HPI
1995 6 JUN	£75,000	£87,333	14% below HPI

CHERRY TREE COTTAGE 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 CHERRY TREE COTTAGE sales between June 1995 and November 2021 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 January 2008 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the November 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might CHERRY TREE COTTAGE be worth now?

CHERRY TREE COTTAGE might now be worth an estimated £517,023.

This is based on house price inflation of 8.8%, between November 2021 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 8.8% inflationary increase is applied to the most recent sale price for CHERRY TREE COTTAGE of £475,000 on 22nd November 2021. For the value to have increased from £475,000 to £517,023 over the five years and six months to May 2026, the following assumptions must hold true:

• The value of CHERRY TREE COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The November 2021 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREE COTTAGE has not materially changed since November 2021.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 174m², which includes two extensions, according to the EPC inspection conducted in July 2018. This puts it in the largest 30% of detached houses houses in Blue Anchor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blue Anchor, and where CHERRY TREE COTTAGE lies on this distribution: 71% of detached houses houses are smaller than CHERRY TREE COTTAGE, and 29% of houses are larger. Note that EPC data is not available for all properties in Blue Anchor.

CHERRY TREE COTTAGE: Plot and Title Map

CHERRY TREE COTTAGE sits on a plot of roughly 0.219 of an acre, or 888m². The below map shows the location of CHERRY TREE COTTAGE, 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 CHERRY TREE COTTAGE). 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 CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is located in BLUE ANCHOR, in the TA24 postcode district. The below map shows the position of CHERRY TREE COTTAGE in BLUE ANCHOR.