THE ELMS, SUGGS LANE, BROADWAY, ILMINSTER, TA19 9RJ - £460,000

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.

THE ELMS is a very large extended detached house of 352m², built sometime between 1930 and 1949, which could now be worth an estimated £613,227. It was last sold for £460,000 in November 2016, which was around 36% above the average November 2016 detached price in the Somerset local authority area. The most recent EPC inspection was August 2014, where the current energy rating was D, and the potential energy rating was C.

THE ELMS Sold Prices

Land registry data shows two sales for THE ELMS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. Both of the two THE ELMS 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
2016 17 NOV	£460,000	£338,767	36% above HPI
2008 16 MAY	£500,000	£299,392	67% above HPI

THE ELMS 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 two THE ELMS sales from May 2008 and November 2016 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 2008 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the November 2016 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might THE ELMS be worth now?

THE ELMS might now be worth an estimated £613,227.

This is based on house price inflation of 33.3%, between November 2016 and March 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 33.3% inflationary increase is applied to the most recent sale price for THE ELMS of £460,000 on 17th November 2016. For the value to have increased from £460,000 to £613,227 over the nine years and eight months to March 2025, the following assumptions must hold true:

• The value of THE ELMS has moved in line with the HPI for detached houses in the Somerset local authority area.
• The November 2016 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of THE ELMS has not materially changed since November 2016.

How Large is THE ELMS?

THE ELMS is 352m², which includes two extensions, according to the EPC inspection conducted in August 2014. This puts it in the largest 10% of detached houses houses in Broadway, based on EPC data. The below chart shows the distribution of detached houses houses by size in Broadway, and where THE ELMS lies on this distribution: More than 99% of detached houses houses are smaller than THE ELMS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Broadway.

THE ELMS: Plot and Title Map

THE ELMS sits on a plot of roughly 0.258 of an acre, or 1,046m². The below map shows the location of THE ELMS, 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 THE ELMS). 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 THE ELMS?

THE ELMS is located on SUGGS LANE in BROADWAY, in the TA19 postcode district. The below map shows the position of THE ELMS on SUGGS LANE.