£154,318
This estimated value is based upon the latest sale price for the house of £110,000 on 12 Nov 2015. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £110,000 | 12 Nov 2015 |
| £260,000 | 14 Mar 2003 |
| Freehold |
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 £110,000 results in an estimated price of approximately £154,318.
| 12 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £110,000 | £44,318 | £154,318 |
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 | 70.460 % | £77,506 | £187,506 |
| 3 Month Average | 27.393 % | £30,132 | £140,132 |
| 6 Month Average | 25.281 % | £27,808 | £137,808 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jun 2024 | £120,000 | £120,000 | FINE FABRICS MAGDALENE LANE |
| 25 Jun 2024 | £165,000 | £165,000 | 2B MAGDALENE LANE |
| 14 Dec 2023 | £165,072 | £160,000 | 44 EASTGATE GARDENS |
| 14 Apr 2023 | £152,859 | £150,000 | 38 EASTGATE GARDENS |
| 3 Mar 2023 | £140,344 | £138,000 | 5 EASTGATE GARDENS |