£616,687
This estimated value is based upon the latest sale price for the house of £500,000 on 2 Jul 2019. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £500,000 | 2 Jul 2019 |
| £475,000 | 18 Sep 2018 |
| Detached |
| Freehold |
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 July 2019 the House Price Index for SOMERSET was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £500,000 results in an estimated price of approximately £616,687.
| 2 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £500,000 | £116,687 | £616,687 |
The Postcode Pricing Model uses changes in average sales price within the TA3 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 | -9.834 % | £-49,171 | £450,828 |
| 3 Month Average | -12.745 % | £-63,722 | £436,277 |
| 6 Month Average | 22.339 % | £111,697 | £611,697 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jun 2023 | £156,901 | £155,000 | BEECHOLME LIPE LANE |
| 28 Apr 2023 | £227,449 | £225,000 | 3 THE GROVE |
| 18 Nov 2022 | £553,298 | £560,000 | LAUREL LODGE |
| 31 Oct 2022 | £519,407 | £525,000 | LYNCROFT LIPE LANE |
| 26 Aug 2022 | £244,342 | £245,000 | 6 GRAVELANDS LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lipe Lane |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near The Grove |
| Mar 2024 | Burglary | Under investigation | On or near The Grove |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near The Grove |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near The Grove |