£202,167
This estimated value is based upon the latest sale price for the house of £145,000 on 11 Dec 2015. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£145,000 | 11 Dec 2015 |
Terraced |
Freehold |
Floor Area: 86 sq meters or 925 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 December 2015 the House Price Index for SOMERSET was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £145,000 results in an estimated price of approximately £202,167.
11 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 149.7 | 39.426 % | £145,000 | £57,167 | £202,167 |
The Postcode Pricing Model uses changes in average sales price within the TA6 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 | 40.224 % | £58,324 | £203,324 |
3 Month Average | 35.413 % | £51,348 | £196,348 |
6 Month Average | 34.577 % | £50,136 | £195,136 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Apr 2024 | £196,708 | £195,000 | 8 MALVERN CLOSE |
29 Sep 2023 | £192,238 | £188,000 | 5 PELHAM COURT |
29 Jun 2023 | £176,538 | £173,000 | 19 MALVERN CLOSE |
28 Apr 2023 | £203,812 | £200,000 | 28 PURLEY DRIVE |
26 Aug 2022 | £210,987 | £210,000 | 9 PURLEY DRIVE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 16 Dec 2014. Using an estimated price of £202,167 means this house is valued at £2,350 per sq meter (£218 per sq foot).
The average size of a house on PURLEY DRIVE is 59 sq meters (636 sq feet).