£1,906,659
This estimated value is based upon the latest sale price for the house of £1,750,000 on 8 Nov 2021. This value is then adjusted by the current Official House Price Index for BATH AND NORTH EAST SOMERSET 1
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| Price Paid | Date |
|---|---|
| £1,750,000 | 8 Nov 2021 |
| £595,000 | 10 Feb 2012 |
| Detached |
| Freehold |
| Floor Area: 140 sq meters or 1,508 sq feet |
This model uses changes in the Official Land Registry House Price Index for BATH AND NORTH EAST SOMERSET to estimate the market value.
When this house was purchased in November 2021 the House Price Index for BATH AND NORTH EAST SOMERSET was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £1,750,000 results in an estimated price of approximately £1,906,659.
| 8 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £1,750,000 | £156,659 | £1,906,659 |
The Postcode Pricing Model uses changes in average sales price within the BA1 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 | 27.128 % | £474,737 | £2,224,737 |
| 3 Month Average | 5.022 % | £87,887 | £1,837,887 |
| 6 Month Average | -7.979 % | £-139,638 | £1,610,361 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £1,782,143 | £1,750,000 | 15 SION ROAD |
| 22 Oct 2022 | £1,669,424 | £1,675,000 | 6B SOMERSET PLACE |
| 5 Jul 2022 | £1,303,057 | £1,290,000 | 11 SOMERSET PLACE |
| 12 May 2022 | £1,283,436 | £1,250,000 | 18 SOMERSET LANE |
| 24 Mar 2022 | £3,966,946 | £3,800,000 | 18 SOMERSET PLACE |
This house has a floor area of 140 sq meters or 1,508 sq feet when measured on 30 Nov 2011. Using an estimated price of £1,906,659 means this house is valued at £13,605 per sq meter (£1,263 per sq foot).
The average size of a house on HERMITAGE ROAD is 176 sq meters (1,900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Waldegrave Road |
| Jun 2024 | Vehicle crime | Under investigation | On or near Waldegrave Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Somerset Place |
| Jul 2024 | Burglary | Under investigation | On or near Lansdown Place West |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lansdown Place West |