£107,069
This estimated value is based upon the latest sale price for the house of £29,500 on 18 Dec 2000. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£29,500 | 18 Dec 2000 |
£29,000 | 17 Sep 1998 |
£29,250 | 7 Jul 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 36 sq meters or 387 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 December 2000 the House Price Index for SOMERSET was 41.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 262.947%.Applying this 262.947% change to the original purchase price of £29,500 results in an estimated price of approximately £107,069.
18 Dec 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
41.2 | 149.7 | 262.947 % | £29,500 | £77,569 | £107,069 |
The Postcode Pricing Model uses changes in average sales price within the TA1 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 | 252.995 % | £74,633 | £104,133 |
3 Month Average | 186.560 % | £55,035 | £84,535 |
6 Month Average | 195.684 % | £57,726 | £87,226 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Nov 2023 | £104,144 | £101,500 | 3 CANN STREET |
7 Sep 2023 | £239,275 | £234,000 | 3 PARK STREET |
23 Aug 2022 | £124,583 | £124,000 | FLAT 3 5 PARK STREET |
29 Jun 2022 | £86,857 | £85,000 | 26F PARK STREET |
17 Jun 2022 | £163,495 | £160,000 | 11C PARK STREET |
This house has a floor area of 36 sq meters or 387 sq feet when measured on 22 Jun 2020. Using an estimated price of £107,069 means this house is valued at £2,974 per sq meter (£276 per sq foot).
The average size of a house on PARK STREET is 50 sq meters (544 sq feet).