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 Dec 2019 is 123.9 which is a change of 137.035%.
Applying this 137.035% change to the original purchase price of £160,000 gives us an estimated price now of around £379,255.
|8 Feb 2002||1 Dec 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||92.763 %||£148,420||£308,420|
|3 Month Average||70.918 %||£113,468||£273,468|
|6 Month Average||121.689 %||£194,703||£354,703|
|Date||Current Estimated Value||Price Paid||Address|
|6 Dec 2019||£325,000||£325,000||1 NEW CROSS COURT NEW CROSS HILL|
|6 Dec 2019||£245,000||£245,000||5 STANKLEY VIEW|
|30 Sep 2019||£386,642||£385,000||BRIMGROVE COTTAGE BRIMGROVE LANE|
|28 Jun 2019||£178,562||£175,000||5 PEBBLES ORCHARD|
|21 Mar 2019||£303,349||£292,500||SHUNTIE HOUSE LAMBROOK ROAD|