£284,986
This estimated value is based upon the latest sale price for the house of £280,000 on 1 Dec 2023. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £280,000 | 1 Dec 2023 |
| Detached |
| Freehold |
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 December 2023 the House Price Index for SOMERSET was 146.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.781%.Applying this 1.781% change to the original purchase price of £280,000 results in an estimated price of approximately £284,986.
| 1 Dec 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.0 | 148.6 | 1.781 % | £280,000 | £4,986 | £284,986 |
The Postcode Pricing Model uses changes in average sales price within the TA8 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 | 11.124 % | £31,146 | £311,146 |
| 3 Month Average | 11.565 % | £32,381 | £312,381 |
| 6 Month Average | 10.876 % | £30,453 | £310,453 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £284,986 | £280,000 | 1 THE GROVE MEWS |
| 17 Aug 2023 | £60,530 | £60,000 | FLAT 42 HOMELANE HOUSE RECTORY ROAD |
| 20 Jul 2023 | £63,353 | £62,500 | FLAT 6 HOMELANE HOUSE RECTORY ROAD |
| 21 Apr 2023 | £55,599 | £55,000 | FLAT 14 HOMELANE HOUSE RECTORY ROAD |
| 20 Apr 2023 | £75,816 | £75,000 | FLAT 34 HOMELANE HOUSE RECTORY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Grove |
| Apr 2024 | Other crime | Under investigation | On or near Parnell Way |
| Apr 2024 | Vehicle crime | Under investigation | On or near Garden Hurst Close |
| Feb 2024 | Other theft | Under investigation | On or near B3140 |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near B3140 |