£598,063
This estimated value is based upon the latest sale price for the house of £555,000 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for NORTH SOMERSET 1
There have been two burglaries within the last year on or near Well Lane
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| Price Paid | Date |
|---|---|
| £555,000 | 24 Sep 2021 |
| £245,000 | 20 Oct 2010 |
| Detached |
| Freehold |
| Floor Area: 137 sq meters or 1,478 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH SOMERSET to estimate the market value.
When this house was purchased in September 2021 the House Price Index for NORTH SOMERSET was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £555,000 results in an estimated price of approximately £598,063.
| 24 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £555,000 | £43,063 | £598,063 |
The Postcode Pricing Model uses changes in average sales price within the BS29 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 | 4.923 % | £27,324 | £582,324 |
| 3 Month Average | 22.465 % | £124,678 | £679,678 |
| 6 Month Average | 24.994 % | £138,715 | £693,715 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £331,461 | £327,000 | 22 KNIGHTCOTT GARDENS |
| 28 Jun 2023 | £860,422 | £850,000 | HIGHFIELD KENNELS & CATTERY HIGH STREET |
| 17 Mar 2023 | £328,091 | £325,000 | 7 WAITS CLOSE |
| 16 Feb 2023 | £324,781 | £325,000 | 15 KNIGHTCOTT GARDENS |
| 27 May 2022 | £88,671 | £87,000 | COASTAL COTTAGE SUMMER LANE |
This house has a floor area of 137 sq meters or 1,478 sq feet when measured on 21 Sep 2010. Using an estimated price of £598,064 means this house is valued at £4,353 per sq meter (£404 per sq foot).
There is one other house on the street which we know the size of, this is 21 KNIGHTCOTT it is 90.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Well Lane |
| Mar 2024 | Burglary | Under investigation | On or near Well Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Well Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Well Lane |
| Feb 2024 | Vehicle crime | Under investigation | On or near Knightcott Road |