£343,708
This estimated value is based upon the latest sale price for the house of £245,000 on 10 Nov 2015. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £245,000 | 10 Nov 2015 |
| Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 2015 the House Price Index for SOMERSET was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £245,000 results in an estimated price of approximately £343,708.
| 10 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £245,000 | £98,708 | £343,708 |
The Postcode Pricing Model uses changes in average sales price within the BA16 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 | 79.707 % | £195,281 | £440,281 |
| 3 Month Average | 52.908 % | £129,625 | £374,625 |
| 6 Month Average | 41.984 % | £102,861 | £347,861 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £324,993 | £320,000 | 18 SMITHFIELD ROAD |
| 13 Oct 2023 | £306,921 | £299,950 | 29 QUARRY ROAD |
| 21 Aug 2023 | £174,141 | £171,000 | 9 LAVENDER COURT |
| 18 Aug 2023 | £287,689 | £282,500 | 24 OAKFIELD ROAD |
| 6 Apr 2023 | £286,356 | £281,000 | 81 GOSS DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 23 Jun 2015. Using an estimated price of £343,709 means this house is valued at £4,840 per sq meter (£449 per sq foot).
The average size of a house on SMITHFIELD ROAD is 90 sq meters (971 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Summerwood Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Summerwood Road |
| Aug 2024 | Vehicle crime | Under investigation | On or near Lavender Court |
| Oct 2024 | Other crime | Unable to prosecute suspect | On or near Goss Drive |
| Jul 2024 | Other crime | Further investigation is not in the public interest | On or near Goss Drive |