£240,461
This estimated value is based upon the latest sale price for the house of £235,000 on 5 Oct 2023. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £235,000 | 5 Oct 2023 |
| £167,500 | 8 Dec 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 2023 the House Price Index for SOMERSET was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £235,000 results in an estimated price of approximately £240,461.
| 5 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £235,000 | £5,461 | £240,461 |
The Postcode Pricing Model uses changes in average sales price within the TA2 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 | 79.436 % | £186,674 | £421,674 |
| 3 Month Average | 0.598 % | £1,404 | £236,404 |
| 6 Month Average | -5.283 % | £-12,414 | £222,585 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £262,278 | £260,000 | 14 LONGACRE CLOSE |
| 17 Nov 2023 | £292,423 | £285,000 | 4 LONGACRE CLOSE |
| 25 Oct 2023 | £109,998 | £107,500 | FLAT 4 COTTAGE PLACE, 105 KINGSTON ROAD |
| 5 Oct 2023 | £240,461 | £235,000 | 39 WELLSPRINGS ROAD |
| 22 Sep 2023 | £265,861 | £260,000 | 35 QUANTOCK ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 26 Jun 2012. Using an estimated price of £240,461 means this house is valued at £2,613 per sq meter (£242 per sq foot).
The average size of a house on WELLSPRINGS ROAD is 92 sq meters (998 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Weacombe Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Weacombe Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Weacombe Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Weacombe Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Wellsprings Road |