£118,511
This estimated value is based upon the latest sale price for the house of £87,500 on 22 Apr 2016. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£87,500 | 22 Apr 2016 |
Terraced |
Leasehold |
Floor Area: 85 sq meters or 914 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 April 2016 the House Price Index for SOMERSET was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £87,500 results in an estimated price of approximately £118,511.
22 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
109.7 | 148.6 | 35.442 % | £87,500 | £31,011 | £118,511 |
The Postcode Pricing Model uses changes in average sales price within the BA21 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 | 69.261 % | £60,603 | £148,103 |
3 Month Average | 55.082 % | £48,196 | £135,696 |
6 Month Average | 39.620 % | £34,667 | £122,167 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £127,226 | £125,000 | 19 GALAHAD CLOSE |
1 Dec 2023 | £63,613 | £62,500 | 10 LANCELOT CLOSE |
23 Jun 2023 | £146,778 | £145,000 | 19 TRISTRAM CLOSE |
10 Feb 2023 | £218,353 | £218,500 | 57 KING ARTHUR DRIVE |
13 Jan 2023 | £238,875 | £240,000 | 2 PERCIVALE ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 12 Jan 2016. Using an estimated price of £118,511 means this house is valued at £1,394 per sq meter (£129 per sq foot).
The average size of a house on MERLIN CLOSE is 86 sq meters (935 sq feet).
This house is the largest in the street with a floor area of 85 sq meters (914 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Robbery | Under investigation | On or near Merlin Close |
Mar 2024 | Vehicle crime | Under investigation | On or near Merlin Close |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merlin Close |
Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Merlin Close |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merlin Close |