£348,855
This estimated value is based upon the latest sale price for the house of £340,000 on 13 Nov 2023. This value is then adjusted by the current Official House Price Index for SOMERSET 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £340,000 | 13 Nov 2023 |
| £370,000 | 16 Jun 2023 |
| £252,000 | 20 Jul 2016 |
| £200,000 | 30 Aug 2011 |
| £99,950 | 26 May 2000 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 837 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 2023 the House Price Index for SOMERSET was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £340,000 results in an estimated price of approximately £348,855.
| 13 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £340,000 | £8,855 | £348,855 |
The Postcode Pricing Model uses changes in average sales price within the BS27 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 | 52.487 % | £178,454 | £518,454 |
| 3 Month Average | 6.890 % | £23,427 | £363,427 |
| 6 Month Average | -10.297 % | £-35,010 | £304,989 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Aug 2024 | £450,000 | £450,000 | 7 MEAD CLOSE |
| 28 Mar 2024 | £416,398 | £410,000 | 8 DUNSTAN WAY |
| 4 Dec 2023 | £486,963 | £472,000 | 39 SAXON WAY |
| 13 Nov 2023 | £348,855 | £340,000 | 12 LABOURHAM WAY |
| 11 Jul 2022 | £479,808 | £475,000 | 5 TOWER CLOSE |
This house has a floor area of 77 sq meters or 837 sq feet when measured on 2 Feb 2011. Using an estimated price of £348,855 means this house is valued at £4,486 per sq meter (£416 per sq foot).
The average size of a house on LABOURHAM WAY is 120 sq meters (1,292 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Mead Close |
| Aug 2024 | Anti-social behaviour | On or near Glebe Lands Close | |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glebe Lands Close |
| Aug 2024 | Anti-social behaviour | On or near Glebe Lands Close | |
| Aug 2024 | Anti-social behaviour | On or near Glebe Lands Close |