£304,144
This estimated value is based upon the latest sale price for the house of £265,000 on 17 Dec 2020. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£265,000 | 17 Dec 2020 |
£178,450 | 11 Jun 2010 |
£65,950 | 9 May 1997 |
Semi-Detached |
Freehold |
Floor Area: 92 sq meters or 990 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 2020 the House Price Index for SOMERSET was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £265,000 results in an estimated price of approximately £304,144.
17 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.5 | 148.6 | 14.771 % | £265,000 | £39,144 | £304,144 |
The Postcode Pricing Model uses changes in average sales price within the TA2 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 | 16.917 % | £44,831 | £309,831 |
3 Month Average | -4.977 % | £-13,188 | £251,811 |
6 Month Average | 4.076 % | £10,802 | £275,802 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £182,000 | £182,000 | 18 CHEDDON MEWS |
24 Aug 2023 | £292,559 | £290,000 | 17 COLIN AVENUE |
24 Mar 2023 | £252,378 | £250,000 | 14 COLIN AVENUE |
11 Nov 2022 | £301,350 | £305,000 | 186 CHEDDON ROAD |
9 Nov 2022 | £286,529 | £290,000 | 178 CHEDDON ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 7 Aug 2020. Using an estimated price of £304,144 means this house is valued at £3,305 per sq meter (£307 per sq foot).
The average size of a house on CHEDDON ROAD is 84 sq meters (913 sq feet).