£77,617
This estimated value is based upon the latest sale price for the house of £58,000 on 30 Sep 2016. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £58,000 | 30 Sep 2016 |
| £42,000 | 28 Oct 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 34 sq meters or 365 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 September 2016 the House Price Index for SOMERSET was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £58,000 results in an estimated price of approximately £77,617.
| 30 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 149.7 | 33.822 % | £58,000 | £19,617 | £77,617 |
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 | 54.046 % | £31,346 | £89,346 |
| 3 Month Average | 28.039 % | £16,262 | £74,262 |
| 6 Month Average | 28.875 % | £16,747 | £74,747 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £239,275 | £234,000 | 3 PARK STREET |
| 20 Sep 2022 | £29,980 | £30,000 | 12 WELLINGTON ROAD |
| 20 Sep 2022 | £61,959 | £62,000 | FLAT 7 12 WELLINGTON ROAD |
| 23 Aug 2022 | £124,583 | £124,000 | FLAT 3 5 PARK STREET |
| 29 Jun 2022 | £86,857 | £85,000 | 26F PARK STREET |
This house has a floor area of 34 sq meters or 365 sq feet when measured on 17 Sep 2015. Using an estimated price of £77,617 means this house is valued at £2,282 per sq meter (£212 per sq foot).
The average size of a house on PARK STREET is 50 sq meters (544 sq feet).