£238,607
This estimated value is based upon the latest sale price for the house of £230,000 on 14 Apr 2022. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £230,000 | 14 Apr 2022 |
| £195,000 | 9 Aug 2019 |
| £157,000 | 15 Jul 2016 |
| £77,700 | 16 Feb 2001 |
| £51,500 | 26 Feb 1999 |
| Semi-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 April 2022 the House Price Index for SOMERSET was 144.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.742%.Applying this 3.742% change to the original purchase price of £230,000 results in an estimated price of approximately £238,607.
| 14 Apr 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 149.7 | 3.742 % | £230,000 | £8,607 | £238,607 |
The Postcode Pricing Model uses changes in average sales price within the BA21 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 | 16.221 % | £37,308 | £267,308 |
| 3 Month Average | 10.436 % | £24,001 | £254,001 |
| 6 Month Average | 12.497 % | £28,744 | £258,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Oct 2023 | £225,113 | £220,000 | 9 POUND CLOSE |
| 12 Oct 2023 | £204,648 | £200,000 | 11 LONG CLOSE |
| 1 Jun 2023 | £454,100 | £445,000 | 2 ST JAMES PARK |
| 27 Jan 2023 | £230,616 | £230,000 | 2 LOWER REAM |
| 31 Oct 2022 | £249,168 | £250,000 | 49 LONG CLOSE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 26 Apr 2019. Using an estimated price of £238,607 means this house is valued at £3,360 per sq meter (£312 per sq foot).
The average size of a house on LOWER REAM is 64 sq meters (695 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lower Ream |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lower Ream |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pound Close |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Petrol Station |
| Sep 2024 | Other theft | Under investigation | On or near Petrol Station |