£100,960
This estimated value is based upon the latest sale price for the house of £80,000 on 26 Oct 2017. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £80,000 | 26 Oct 2017 |
| £70,000 | 16 Oct 2009 |
| £92,000 | 10 Jun 2005 |
| £47,000 | 8 Nov 2001 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 33 sq meters or 355 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 October 2017 the House Price Index for SOMERSET was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £80,000 results in an estimated price of approximately £100,960.
| 26 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £80,000 | £20,960 | £100,960 |
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 | 45.784 % | £36,627 | £116,627 |
| 3 Month Average | 26.830 % | £21,463 | £101,463 |
| 6 Month Average | 20.717 % | £16,573 | £96,573 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £280,000 | £280,000 | 25 PRIORY COURT |
| 19 Dec 2023 | £10,178 | £10,000 | 62 HIGH STREET |
| 16 Nov 2023 | £129,924 | £128,000 | 41A FRIARN STREET |
| 31 Aug 2023 | £151,324 | £150,000 | 12 PRIORY COURT |
| 14 Jul 2023 | £169,785 | £167,500 | 43 MOUNT STREET |
This house has a floor area of 33 sq meters or 355 sq feet when measured on 2 Mar 2020. Using an estimated price of £100,960 means this house is valued at £3,059 per sq meter (£284 per sq foot).