£303,837
This estimated value is based upon the latest sale price for the house of £227,500 on 28 Jun 2016. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £227,500 | 28 Jun 2016 |
| £212,995 | 30 Jul 2010 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 977 sq feet |
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 June 2016 the House Price Index for SOMERSET was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £227,500 results in an estimated price of approximately £303,837.
| 28 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £227,500 | £76,337 | £303,837 |
The Postcode Pricing Model uses changes in average sales price within the TA21 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 | 16.299 % | £37,080 | £264,580 |
| 3 Month Average | 41.375 % | £94,129 | £321,629 |
| 6 Month Average | 39.043 % | £88,823 | £316,323 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £195,208 | £193,500 | 35 HUMPHREYS ROAD |
| 27 Mar 2023 | £403,804 | £400,000 | 3 PEAR TREE WAY |
| 13 Jan 2023 | £427,984 | £430,000 | 7 PEAR TREE WAY |
| 9 Sep 2022 | £213,278 | £215,000 | 5 HUMPHREYS ROAD |
| 11 Mar 2022 | £440,411 | £425,000 | 8 CADES MEAD |
This house has a floor area of 90 sq meters or 977 sq feet when measured on 22 Dec 2009. Using an estimated price of £303,838 means this house is valued at £3,346 per sq meter (£310 per sq foot).
The average size of a house on PEAR TREE WAY is 115 sq meters (1,245 sq feet).