£2,604,410
This estimated value is based upon the latest sale price for the house of £425,000 on 28 Jun 2024. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£425,000 | 28 Jun 2024 |
£178,000 | 3 Jul 2015 |
Terraced |
Freehold |
Floor Area: 111 sq meters or 1,194 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 June 2024 the House Price Index for SOMERSET was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £425,000 results in an estimated price of approximately £2,604,410.
28 Jun 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
24.4 | 149.7 | 512.803 % | £425,000 | £2,179,410 | £2,604,410 |
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 | 3.538 % | £15,037 | £440,037 |
3 Month Average | 5.757 % | £24,466 | £449,466 |
6 Month Average | -1.270 % | £-5,397 | £419,602 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Apr 2024 | £161,402 | £160,000 | 11A NEW BUILDINGS |
6 Nov 2023 | £205,209 | £200,000 | 24 NEW BUILDINGS |
7 Aug 2023 | £458,265 | £450,000 | 21 LONG GROUND |
1 Aug 2022 | £311,456 | £310,000 | 39 FOSTER ROAD |
20 Jul 2022 | £308,087 | £305,000 | 43 FOSTER ROAD |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 22 Dec 2014.
The average size of a house on NEW BUILDINGS LANE is 92 sq meters (996 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near New Buildings Lane |
Jul 2024 | Public order | Under investigation | On or near Long Ground |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Long Ground |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Knightstone Heights |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Knightstone Heights |