This estimated value is based upon the latest sale price for the house of £160,000 on 8 Feb 2002. This value is then adjusted by the current Official House Price Index for SOMERSET1
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|£160,000||8 Feb 2002|
|£59,000||29 Jul 1996|
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 February 2002 the House Price Index for SOMERSET was 52.3.The House Price Index as of 1 Jun 2019 is 121.0 which is a change of 131.429%.
Applying this 131.429% change to the original purchase price of £160,000 gives us an estimated price now of around £370,285.
|8 Feb 2002||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the TA13 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||254.580 %||£407,328||£567,328|
|3 Month Average||204.248 %||£326,797||£486,797|
|6 Month Average||131.245 %||£209,991||£369,991|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In February 2002 the average sale price for the 50 nearest sales within six miles of THE CROSS 1 was £98,602.
In October 2019 the average sale price for the 11 nearest sales was £274,365. This is a change of 178.256%.
So taking the original purchase price of £160,000 and adjusting it by 178.256% gives an estimated price of £445,209.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 8 Feb 2002||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|14 Jun 2019||£300,000||£300,000||THE SHAMBLES LAMBROOK ROAD|
|30 Nov 2018||£250,659||£252,000||HOLMLANDS LAMBROOK ROAD|
|17 Sep 2018||£223,614||£225,000||2 LAMBROOK GATE|
|28 Aug 2018||£344,592||£345,000||OAKTREE COTTAGE BURROW HILL|
|7 Aug 2018||£203,259||£203,500||2 BLACKROD COTTAGES|