2, THE SQUARE, SHIPHAM, WINSCOMBE, BS25 1TN - £225,000

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.

2 THE SQUARE is a very small extended terraced house of 65m², built sometime before 1900, which could now be worth an estimated £289,114. It was last sold for £225,000 in June 2018, which was around 24% above the average June 2018 terraced price in the Somerset local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

2 THE SQUARE Sold Prices

Land registry data shows one sale for 2 THE SQUARE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Somerset local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 25 JUN	£225,000	£180,886	24% above HPI

What might 2 THE SQUARE be worth now?

2 THE SQUARE might now be worth an estimated £289,114.

This is based on house price inflation of 28.5%, between June 2018 and May 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 28.5% inflationary increase is applied to the most recent sale price for 2 THE SQUARE of £225,000 on 25th June 2018. For the value to have increased from £225,000 to £289,114 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 2 THE SQUARE has moved in line with the HPI for terraced houses in the Somerset local authority area.
• The June 2018 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE SQUARE has not materially changed since June 2018.

How Large is 2 THE SQUARE?

2 THE SQUARE is 65m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of terraced houses in Shipham, based on EPC data. The below chart shows the distribution of terraced houses by size in Shipham, and where 2 THE SQUARE lies on this distribution: 8% of terraced houses are smaller than 2 THE SQUARE, and 92% of terraced houses are larger. Note that EPC data is not available for all properties in Shipham.

2 THE SQUARE: Plot

2 THE SQUARE sits on a plot of roughly 0.027 of an acre, or 111m².

Where is 2 THE SQUARE?

2 THE SQUARE is located in SHIPHAM, in the BS25 postcode district.