£1,128,981
This estimated value is based upon the latest sale price for the house of £188,000 on 31 Oct 2023. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £188,000 | 31 Oct 2023 |
| £48,000 | 30 Apr 2003 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 sq feet |
This model uses changes in the Official Land Registry House Price Index for SOMERSET to estimate the market value.
When this house was purchased in October 2023 the House Price Index for SOMERSET was 24.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 500.522%.Applying this 500.522% change to the original purchase price of £188,000 results in an estimated price of approximately £1,128,981.
| 31 Oct 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 146.7 | 500.522 % | £188,000 | £940,981 | £1,128,981 |
The Postcode Pricing Model uses changes in average sales price within the BA21 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 | 19.700 % | £37,036 | £225,036 |
| 3 Month Average | 3.822 % | £7,184 | £195,184 |
| 6 Month Average | 6.444 % | £12,114 | £200,114 |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 31 May 2019.
The average size of a house on MITCHELMORE ROAD is 116 sq meters (1,258 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mitchelmore Road |