£438,473
This estimated value is based upon the latest sale price for the house of £425,000 on 20 Dec 2023. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £425,000 | 20 Dec 2023 |
| £247,500 | 8 Nov 2013 |
| £180,000 | 1 Nov 2002 |
| £105,000 | 31 Mar 1999 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 December 2023 the House Price Index for SOMERSET was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £425,000 results in an estimated price of approximately £438,473.
| 20 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £425,000 | £13,473 | £438,473 |
The Postcode Pricing Model uses changes in average sales price within the TA8 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 | 8.216 % | £34,918 | £459,918 |
| 3 Month Average | 6.286 % | £26,714 | £451,714 |
| 6 Month Average | 5.518 % | £23,451 | £448,451 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £438,473 | £425,000 | 29 FRIARS WAY |
| 13 Feb 2023 | £392,623 | £390,000 | 9 FRIARS WAY |
| 10 Feb 2023 | £191,227 | £189,950 | 37 PRIORY GARDENS |
| 17 May 2022 | £128,344 | £125,000 | 5 PRIORY GARDENS |
| 22 Oct 2021 | £144,907 | £130,000 | 19 PRIORY GARDENS |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 19 Dec 2012. Using an estimated price of £438,473 means this house is valued at £4,474 per sq meter (£415 per sq foot).
The average size of a house on FRIARS WAY is 113 sq meters (1,217 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Friars Way |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Boniface Walk |
| Aug 2024 | Drugs | Further investigation is not in the public interest | On or near Mendip Way |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Monks Way |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rosewood Drive |