This estimated value is based upon the latest sale price for the house of £950,000 on 2 Aug 2004. This value is then adjusted by the current Official House Price Index for BATH AND NORTH EAST SOMERSET1
Get our free house price tracker.
|£950,000||2 Aug 2004|
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 August 2004 the House Price Index for BATH AND NORTH EAST SOMERSET was 73.4.The House Price Index as of 1 Dec 2019 is 124.8 which is a change of 70.157%.
Applying this 70.157% change to the original purchase price of £950,000 gives us an estimated price now of around £1,616,490.
|2 Aug 2004||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the BA1 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||38.327 %||£364,104||£1,314,104|
|3 Month Average||84.830 %||£805,881||£1,755,881|
|6 Month Average||82.938 %||£787,908||£1,737,908|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In August 2004 the average sale price for the 50 nearest sales within four miles of OVERMIST BANNERDOWN ROAD was £251,274.
In February 2020 the average sale price for the 41 nearest sales was £390,119. This is a change of 55.257%.
So taking the original purchase price of £950,000 and adjusting it by 55.257% gives an estimated price of £1,474,939.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 2 Aug 2004||Average price on 27 Feb 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|9 Jul 2019||£762,708||£725,000||11 BARNFIELD WAY|
|14 Jan 2019||£874,459||£837,000||13 HIGH BANNERDOWN|
|10 Dec 2018||£904,505||£875,000||17 HIGH BANNERDOWN|
|23 Nov 2018||£640,523||£629,000||17 BARNFIELD WAY|
|31 Jul 2018||£1,034,591||£1,000,000||36 BOX ROAD|