£226,350
This estimated value is based upon the latest sale price for the house of £220,000 on 14 Jul 2023. This value is then adjusted by the current Official House Price Index for SOMERSET 1
There have been two burglaries within the last year on or near Somerset Close
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| Price Paid | Date |
|---|---|
| £220,000 | 14 Jul 2023 |
| £215,000 | 25 Mar 2023 |
| £157,950 | 4 Dec 2007 |
| Terraced |
| 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 July 2023 the House Price Index for SOMERSET was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £220,000 results in an estimated price of approximately £226,350.
| 14 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.5 | 149.7 | 2.887 % | £220,000 | £6,350 | £226,350 |
The Postcode Pricing Model uses changes in average sales price within the TA12 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 | -12.204 % | £-26,849 | £193,150 |
| 3 Month Average | -20.469 % | £-45,031 | £174,968 |
| 6 Month Average | -5.074 % | £-11,162 | £208,837 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £206,168 | £203,000 | 23 THE ACRES |
| 30 Nov 2023 | £220,600 | £215,000 | 25 THE ACRES |
| 30 Jun 2023 | £170,415 | £167,000 | 21 THE ACRES |
| 28 Apr 2023 | £219,098 | £215,000 | 35 THE ACRES |
| 3 Mar 2023 | £167,802 | £165,000 | UNIT 8 MARTOCK BUSINESS PARK GREAT WESTERN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Under investigation | On or near Somerset Close |
| May 2024 | Burglary | Under investigation | On or near Somerset Close |
| Jun 2024 | Drugs | Under investigation | On or near The Horseshoe |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Horseshoe |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Horseshoe |