£225,959
This estimated value is based upon the latest sale price for the house of £173,800 on 15 Feb 2017. This value is then adjusted by the current Official House Price Index for BATH AND NORTH EAST SOMERSET 1
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| Price Paid | Date |
|---|---|
| £173,800 | 15 Feb 2017 |
| £96,500 | 7 Nov 2003 |
| £59,950 | 18 Jan 2001 |
| Terraced |
| Freehold |
| Floor Area: 50 sq meters or 538 sq feet |
This model uses changes in the Official Land Registry House Price Index for BATH AND NORTH EAST SOMERSET to estimate the market value.
When this house was purchased in February 2017 the House Price Index for BATH AND NORTH EAST SOMERSET was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £173,800 results in an estimated price of approximately £225,959.
| 15 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £173,800 | £52,159 | £225,959 |
The Postcode Pricing Model uses changes in average sales price within the BA3 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 67.475 % | £117,271 | £291,071 |
| 3 Month Average | 50.011 % | £86,918 | £260,718 |
| 6 Month Average | 27.026 % | £46,971 | £220,771 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £248,342 | £245,000 | 20 FOSSEWAY COTTAGES WELLS ROAD |
| 28 Apr 2023 | £239,074 | £236,500 | 29 WELLS SQUARE |
| 10 Feb 2023 | £284,808 | £285,000 | 2 HIGHFIELDS |
| 6 Jan 2023 | £296,105 | £297,500 | 4 CYPRESS TERRACE |
| 15 Jul 2022 | £330,891 | £330,000 | 8 CEDAR TERRACE |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 29 Jun 2016. Using an estimated price of £225,959 means this house is valued at £4,519 per sq meter (£419 per sq foot).
The average size of a house on WELLS SQUARE is 65 sq meters (704 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Wells Road |
| Feb 2024 | Anti-social behaviour | On or near Cypress Terrace | |
| Feb 2024 | Public order | Under investigation | On or near Cypress Terrace |
| Feb 2024 | Anti-social behaviour | On or near Cypress Terrace | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Oak Terrace |