£349,619
This estimated value is based upon the latest sale price for the house of £275,000 on 27 Oct 2017. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £275,000 | 27 Oct 2017 |
| £132,493 | 10 May 2002 |
| 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 October 2017 the House Price Index for SOMERSET was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £275,000 results in an estimated price of approximately £349,619.
| 27 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £275,000 | £74,619 | £349,619 |
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 | 77.375 % | £212,781 | £487,781 |
| 3 Month Average | 29.049 % | £79,883 | £354,883 |
| 6 Month Average | 40.624 % | £111,716 | £386,716 |
| 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 |
| 13 Nov 2023 | £348,855 | £340,000 | 12 LABOURHAM WAY |
| 11 Jul 2022 | £393,947 | £390,000 | 9 TOWER CLOSE |
| 11 Jul 2022 | £479,808 | £475,000 | 5 TOWER CLOSE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 3 Oct 2017. Using an estimated price of £349,619 means this house is valued at £4,924 per sq meter (£457 per sq foot).
The average size of a house on LABOURHAM WAY is 120 sq meters (1,292 sq feet).
This house is the smallest in the street with a floor area of 71 sq meters (764 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Mead Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Yeo Close |
| Jul 2024 | Public order | Under investigation | On or near Yeo Close |
| Aug 2024 | Anti-social behaviour | On or near Glebe Lands Close | |
| Aug 2024 | Anti-social behaviour | On or near Glebe Lands Close |