£528,228
This estimated value is based upon the latest sale price for the house of £500,000 on 1 Feb 2022. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £500,000 | 1 Feb 2022 |
| £262,000 | 12 Dec 2008 |
| £283,000 | 17 Aug 2004 |
| £220,000 | 21 Feb 2003 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 February 2022 the House Price Index for SOMERSET was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £500,000 results in an estimated price of approximately £528,228.
| 1 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £500,000 | £28,228 | £528,228 |
The Postcode Pricing Model uses changes in average sales price within the TA21 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 | -21.361 % | £-106,804 | £393,195 |
| 3 Month Average | 13.714 % | £68,569 | £568,569 |
| 6 Month Average | 18.956 % | £94,780 | £594,780 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £588,070 | £570,000 | 6 WELLESLEY PARK |
| 27 Sep 2023 | £792,469 | £775,000 | 12 WELLESLEY PARK |
| 11 Sep 2023 | £242,853 | £237,500 | 3 SOUTHWAY EIGHT ACRE LANE |
| 19 Apr 2023 | £163,050 | £160,000 | 14 CEDAR COURT SOUTH STREET |
| 3 Mar 2023 | £500,864 | £492,500 | 71 SOUTH STREET |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 20 Sep 2021. Using an estimated price of £528,229 means this house is valued at £4,674 per sq meter (£434 per sq foot).
The average size of a house on WELLESLEY PARK is 134 sq meters (1,450 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Pyles Thorne Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Pyles Thorne Close |
| Sep 2024 | Burglary | Under investigation | On or near South Street |
| Aug 2024 | Anti-social behaviour | On or near South Street | |
| Aug 2024 | Anti-social behaviour | On or near South Street |