40, THIRD AVENUE, BATH, BA2 3NY - £525,000

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.

40 THIRD AVENUE is a midsized extended terraced house of 100m², built sometime between 1900 and 1929, which could now be worth an estimated £512,532. It was last sold for £525,000 in October 2022, which was around 35% above the average October 2022 terraced price in the Bath and North East Somerset local authority area. The most recent EPC inspection was October 2019, where the current energy rating was E, and the potential energy rating was B.

40 THIRD AVENUE Sold Prices

Land registry data shows two sales for 40 THIRD AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bath and North East Somerset local authority area for the corresponding sale date. Both of the two 40 THIRD AVENUE 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
2022 7 OCT	£525,000	£388,782	35% above HPI
2018 30 NOV	£420,000	£303,026	39% above HPI

40 THIRD AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bath and North East Somerset local authority area over time, sourced from the HPI. The two 40 THIRD AVENUE sales from November 2018 and October 2022 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 November 2018 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the October 2022 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 40 THIRD AVENUE be worth now?

40 THIRD AVENUE might now be worth an estimated £512,532.

This is based on house price deflation of 2.4%, between October 2022 and April 2026, for terraced houses, in the Bath and North East Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.4% deflationary decrease is applied to the most recent sale price for 40 THIRD AVENUE of £525,000 on 7th October 2022. For the value to have decreased from £525,000 to £512,532 over the four years and six months to April 2026, the following assumptions must hold true:

• The value of 40 THIRD AVENUE has moved in line with the HPI for terraced houses in the Bath and North East Somerset local authority area.
• The October 2022 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 40 THIRD AVENUE has not materially changed since October 2022.

How Large is 40 THIRD AVENUE?

40 THIRD AVENUE is 100m², which includes three extensions, according to the EPC inspection conducted in October 2019. This puts it in the largest 50% of terraced houses in Bath, based on EPC data. The below chart shows the distribution of terraced houses by size in Bath, and where 40 THIRD AVENUE lies on this distribution: 58% of terraced houses are smaller than 40 THIRD AVENUE, and 41% of terraced houses are larger. Note that EPC data is not available for all properties in Bath.

Where is 40 THIRD AVENUE?

40 THIRD AVENUE is located in BATH, in the BA2 postcode district.