ELM FARM, LOVERIDGE LANE, TATWORTH, CHARD, TA20 2SB - £580,000

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.

ELM FARM is a very large extended detached house of 163m², built sometime before 1900, which could now be worth an estimated £651,054. It was last sold for £580,000 in February 2021, which was around 45% above the average February 2021 detached price in the Somerset local authority area. The most recent EPC inspection was May 2014, where the current energy rating was E, and the potential energy rating was D.

ELM FARM Sold Prices

Land registry data shows three sales for ELM FARM 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 ELM FARM 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
2021 18 FEB	£580,000	£399,808	45% above HPI
2015 8 MAY	£425,000	£306,525	39% above HPI
1998 4 SEP	£170,000	£109,460	55% above HPI

ELM FARM 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 ELM FARM sales between September 1998 and February 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 May 2015 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the February 2021 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might ELM FARM be worth now?

ELM FARM might now be worth an estimated £651,054.

This is based on house price inflation of 12.3%, between February 2021 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 12.3% inflationary increase is applied to the most recent sale price for ELM FARM of £580,000 on 18th February 2021. For the value to have increased from £580,000 to £651,054 over the three years and eight months to June 2025, the following assumptions must hold true:

• The value of ELM FARM has moved in line with the HPI for detached houses in the Somerset local authority area.
• The February 2021 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of ELM FARM has not materially changed since February 2021.

How Large is ELM FARM?

ELM FARM is 163m², which includes two extensions, according to the EPC inspection conducted in May 2014. This puts it in the largest 20% of detached houses houses in Tatworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tatworth, and where ELM FARM lies on this distribution: 87% of detached houses houses are smaller than ELM FARM, and 13% of houses are larger. Note that EPC data is not available for all properties in Tatworth.

ELM FARM: Plot and Title Map

ELM FARM sits on a plot of roughly 0.373 of an acre, or 1,508m². The below map shows the location of ELM FARM, 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 ELM FARM). 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 ELM FARM?

ELM FARM is located on LOVERIDGE LANE in TATWORTH, in the TA20 postcode district. The below map shows the position of ELM FARM on LOVERIDGE LANE.