SHORTLANDS, UPPER NEW ROAD, CHEDDAR, BS27 3DL - £242,000

SHORTLANDS is a very small detached house of 82m², built sometime from 2007 onwards. It was last sold for £242,000 in July 2019, which was around 33% below the average July 2019 detached price in the Somerset local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

SHORTLANDS Sold Prices

Land registry data shows four sales for SHORTLANDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the four SHORTLANDS 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
2019 5 JUL	£242,000	£358,993	33% below HPI
2012 27 FEB	£190,000	£264,233	28% below HPI
2003 10 DEC	£167,000	£228,625	27% below HPI
2002 14 JUN	£145,000	£176,985	18% below HPI

SHORTLANDS 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 four SHORTLANDS sales between June 2002 and July 2019 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 February 2012 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is SHORTLANDS?

SHORTLANDS is 82m² according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Cheddar, based on EPC data. The below chart shows the distribution of detached houses by size in Cheddar, and where SHORTLANDS lies on this distribution: 11% of detached houses are smaller than SHORTLANDS, and 89% of houses are larger. Note that EPC data is not available for all properties in Cheddar.

SHORTLANDS: Plot and Title Map

SHORTLANDS sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of SHORTLANDS, 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 SHORTLANDS). 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 SHORTLANDS?

SHORTLANDS is located on UPPER NEW ROAD in CHEDDAR, in the BS27 postcode district. The below map shows the position of SHORTLANDS on UPPER NEW ROAD.