REED COTTAGE, BOWDEN HILL, CHILCOMPTON, RADSTOCK, BA3 4EN - £455,000

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.

REED COTTAGE is a detached house, which could now be worth an estimated £451,829. It was last sold for £455,000 in August 2022, which was around 1% below the average August 2022 detached price in the Somerset local authority area.

REED COTTAGE Sold Prices

Land registry data shows five sales for REED COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Most of the five REED COTTAGE 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 3 AUG	£455,000	£461,544	1% below HPI
2018 11 MAY	£379,000	£361,121	5% above HPI
2004 30 APR	£275,000	£244,269	13% above HPI
2002 4 JUL	£230,000	£188,476	22% above HPI
1997 16 MAY	£55,000	£94,346	42% below HPI

What might REED COTTAGE be worth now?

REED COTTAGE might now be worth an estimated £451,829.

This is based on house price deflation of 0.7%, between August 2022 and May 2026, 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 0.7% deflationary decrease is applied to the most recent sale price for REED COTTAGE of £455,000 on 3rd August 2022. For the value to have decreased from £455,000 to £451,829 over the four years and three months to May 2026, the following assumptions must hold true:

• The value of REED COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The August 2022 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of REED COTTAGE has not materially changed since August 2022.

Where is REED COTTAGE?

REED COTTAGE is located on BOWDEN HILL in CHILCOMPTON, in the BA3 postcode district.