£443,420
This estimated value is based upon the latest sale price for the house of £410,000 on 2 Nov 2021. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £410,000 | 2 Nov 2021 |
| £330,000 | 13 Jul 2017 |
| £220,000 | 4 Jan 2012 |
| £125,000 | 19 Feb 2001 |
| Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 November 2021 the House Price Index for SOMERSET was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £410,000 results in an estimated price of approximately £443,420.
| 2 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £410,000 | £33,420 | £443,420 |
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 | -38.490 % | £-157,808 | £252,191 |
| 3 Month Average | -25.870 % | £-106,065 | £303,934 |
| 6 Month Average | -4.247 % | £-17,414 | £392,585 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £383,354 | £380,000 | 4 MAGNOLIA CLOSE |
| 21 Jun 2023 | £440,334 | £435,000 | 16 ACACIA DRIVE |
| 19 Apr 2023 | £281,026 | £278,000 | 26 WEDMORE CLOSE |
| 23 Aug 2022 | £244,342 | £245,000 | 11 WEDMORE CLOSE |
| 25 Jul 2022 | £436,174 | £435,000 | 37 MAGNOLIA CLOSE |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 21 May 2021. Using an estimated price of £443,421 means this house is valued at £4,031 per sq meter (£374 per sq foot).
The average size of a house on MAGNOLIA CLOSE is 112 sq meters (1,207 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Magnolia Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magnolia Close |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Briar Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wedmore Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wedmore Close |