£324,685
This estimated value is based upon the latest sale price for the house of £240,000 on 6 May 2016. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £240,000 | 6 May 2016 |
| £160,000 | 27 Jul 2012 |
| £142,000 | 18 Nov 2005 |
| £44,000 | 29 Aug 1996 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 May 2016 the House Price Index for SOMERSET was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £240,000 results in an estimated price of approximately £324,685.
| 6 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £240,000 | £84,685 | £324,685 |
The Postcode Pricing Model uses changes in average sales price within the BA11 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 | 60.328 % | £144,786 | £384,786 |
| 3 Month Average | 58.315 % | £139,956 | £379,956 |
| 6 Month Average | 51.783 % | £124,278 | £364,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Apr 2024 | £171,489 | £170,000 | FLAT 6 VALLIS HOUSE, 58 ROBINS LANE |
| 24 Nov 2023 | £356,038 | £347,000 | 78 VALLIS ROAD |
| 3 Apr 2023 | £290,432 | £285,000 | 46 VALLIS ROAD |
| 18 Aug 2022 | £1,165,450 | £1,160,000 | LINDEN LODGE, 52 ROBINS LANE |
| 16 Aug 2022 | £222,038 | £221,000 | 142 WHATCOMBE ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 29 Oct 2021. Using an estimated price of £324,685 means this house is valued at £3,911 per sq meter (£363 per sq foot).
The average size of a house on VERNAL LANE is 146 sq meters (1,577 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wallington Way |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wallington Way |
| Apr 2024 | Anti-social behaviour | On or near Wallington Way | |
| Apr 2024 | Anti-social behaviour | On or near Wallington Way | |
| Apr 2024 | Anti-social behaviour | On or near Wallington Way |