WELLSPRING, WOOKEY, WELLS, BA5 1JX - £470,000

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.

WELLSPRING is a midsized extended detached house of 138m², built sometime between 1967 and 1975, which could now be worth an estimated £600,977. It was last sold for £470,000 in August 2017, which was around 33% above the average August 2017 detached price in the Somerset local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

WELLSPRING Sold Prices

Land registry data shows three sales for WELLSPRING since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. All of the three WELLSPRING 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
2017 7 AUG	£470,000	£353,333	33% above HPI
2015 13 FEB	£390,000	£303,451	29% above HPI
1997 1 AUG	£114,950	£98,516	17% above HPI

WELLSPRING 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 three WELLSPRING sales between August 1997 and August 2017 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 February 2015 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the August 2017 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might WELLSPRING be worth now?

WELLSPRING might now be worth an estimated £600,977.

This is based on house price inflation of 27.9%, between August 2017 and April 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 27.9% inflationary increase is applied to the most recent sale price for WELLSPRING of £470,000 on 7th August 2017. For the value to have increased from £470,000 to £600,977 over the nine years and four months to April 2026, the following assumptions must hold true:

• The value of WELLSPRING has moved in line with the HPI for detached houses in the Somerset local authority area.
• The August 2017 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of WELLSPRING has not materially changed since August 2017.

How Large is WELLSPRING?

WELLSPRING is 138m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the largest 40% of detached houses houses in Wookey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wookey, and where WELLSPRING lies on this distribution: 58% of detached houses houses are smaller than WELLSPRING, and 38% of houses are larger. Note that EPC data is not available for all properties in Wookey.

WELLSPRING: Plot and Title Map

WELLSPRING sits on a plot of roughly 0.177 of an acre, or 716m². The below map shows the location of WELLSPRING, 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 WELLSPRING). 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 WELLSPRING?

WELLSPRING is located in WOOKEY, in the BA5 postcode district. The below map shows the position of WELLSPRING in WOOKEY.