CRANFORD, BROADWAY, ILMINSTER, TA19 9RB - £355,000

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.

CRANFORD is a very small detached house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £398,184. It was last sold for £355,000 in December 2020, which was around 11% below the average December 2020 detached price in the Somerset local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was D.

CRANFORD Sold Prices

Land registry data shows three sales for CRANFORD 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 CRANFORD 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 DEC	£355,000	£400,115	11% below HPI
2011 2 DEC	£240,000	£280,192	14% below HPI
2000 18 DEC	£129,750	£145,069	11% below HPI

CRANFORD 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 CRANFORD sales between December 2000 and December 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 December 2011 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the December 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might CRANFORD be worth now?

CRANFORD might now be worth an estimated £398,184.

This is based on house price inflation of 12.2%, between December 2020 and June 2025, 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 12.2% inflationary increase is applied to the most recent sale price for CRANFORD of £355,000 on 18th December 2020. For the value to have increased from £355,000 to £398,184 over the five years and six months to June 2025, the following assumptions must hold true:

• The value of CRANFORD has moved in line with the HPI for detached houses in the Somerset local authority area.
• The December 2020 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of CRANFORD has not materially changed since December 2020.

How Large is CRANFORD?

CRANFORD is 86m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 20% of detached houses houses in Broadway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broadway, and where CRANFORD lies on this distribution: 11% of detached houses houses are smaller than CRANFORD, and 89% of houses are larger. Note that EPC data is not available for all properties in Broadway.

CRANFORD: Plot and Title Map

CRANFORD sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of CRANFORD, 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 CRANFORD). 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 CRANFORD?

CRANFORD is located in BROADWAY, in the TA19 postcode district. The below map shows the position of CRANFORD in BROADWAY.