THE OUTBACK, WESTFIELD LANE, DRAYCOTT, CHEDDAR, BS27 3TP - £460,000

THE OUTBACK is a large extended detached house of 146m², built sometime between 1976 and 1982. It was last sold for £460,000 in June 2021, which was around 19% above the average June 2021 detached price in the Somerset local authority area. The most recent EPC inspection was February 2018, where the current energy rating was D, and the potential energy rating was B.

THE OUTBACK Sold Prices

Land registry data shows two sales for THE OUTBACK 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 OUTBACK 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
2021 28 JUN	£460,000	£386,350	19% above HPI
1998 12 AUG	£125,000	£105,398	19% above HPI

THE OUTBACK 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 OUTBACK sales from August 1998 and June 2021 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 August 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the June 2021 sale, which was also at 19% above the HPI.

How Large is THE OUTBACK?

THE OUTBACK is 146m², which includes one extension, according to the EPC inspection conducted in February 2018. This puts it in the largest 40% of detached houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses by size in Draycott, and where THE OUTBACK lies on this distribution: 65% of detached houses are smaller than THE OUTBACK, and 35% of houses are larger. Note that EPC data is not available for all properties in Draycott.

THE OUTBACK: Plot and Title Map

THE OUTBACK sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of THE OUTBACK, 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 OUTBACK). 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 OUTBACK?

THE OUTBACK is located on WESTFIELD LANE in DRAYCOTT, in the BS27 postcode district. The below map shows the position of THE OUTBACK on WESTFIELD LANE.