£223,439
This estimated value is based upon the latest sale price for the house of £117,000 on 21 Sep 2004. This value is then adjusted by the current Official House Price Index for MONMOUTHSHIRE 1
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| Price Paid | Date |
|---|---|
| £117,000 | 21 Sep 2004 |
| £56,500 | 17 Nov 2000 |
| £50,000 | 1 Jun 1999 |
| Terraced |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for MONMOUTHSHIRE to estimate the market value.
When this house was purchased in September 2004 the House Price Index for MONMOUTHSHIRE was 77.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 90.974%.Applying this 90.974% change to the original purchase price of £117,000 results in an estimated price of approximately £223,439.
| 21 Sep 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.8 | 148.6 | 90.974 % | £117,000 | £106,439 | £223,439 |
The Postcode Pricing Model uses changes in average sales price within the NP16 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 | 14.427 % | £16,879 | £133,879 |
| 3 Month Average | 71.288 % | £83,406 | £200,406 |
| 6 Month Average | 68.156 % | £79,742 | £196,742 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £263,367 | £260,000 | 19 SOMERSET WAY |
| 29 Aug 2023 | £246,153 | £244,000 | 5 SOMERSET WAY |
| 9 Aug 2023 | £242,118 | £240,000 | 29 WESTERN AVENUE |
| 4 Aug 2023 | £221,942 | £220,000 | 118 THORNWELL ROAD |
| 17 Jul 2023 | £248,342 | £245,000 | 100 THORNWELL ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Somerset Way |
| Mar 2024 | Possession of weapons | Under investigation | On or near Somerset Way |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Somerset Way |
| Jan 2024 | Anti-social behaviour | On or near Somerset Way | |
| Jan 2024 | Anti-social behaviour | On or near Somerset Way |