£410,001
This estimated value is based upon the latest sale price for the house of £320,000 on 5 Jun 2017. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£320,000 | 5 Jun 2017 |
£306,000 | 11 Sep 2015 |
£299,995 | 26 Jul 2010 |
Detached |
Freehold |
Floor Area: 150 sq meters or 1,618 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 2017 the House Price Index for SOMERSET was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £320,000 results in an estimated price of approximately £410,001.
5 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.0 | 148.6 | 28.126 % | £320,000 | £90,001 | £410,001 |
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 | 17.296 % | £55,348 | £375,348 |
3 Month Average | 35.258 % | £112,824 | £432,824 |
6 Month Average | 34.672 % | £110,949 | £430,949 |
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 150 sq meters or 1,618 sq feet when measured on 22 Dec 2009. Using an estimated price of £410,002 means this house is valued at £2,726 per sq meter (£253 per sq foot).
The average size of a house on PEAR TREE WAY is 115 sq meters (1,245 sq feet).