£297,932
This estimated value is based upon the latest sale price for the house of £240,000 on 30 Nov 2018. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£240,000 | 30 Nov 2018 |
£195,000 | 13 Aug 2013 |
Detached |
Freehold |
Floor Area: 86 sq meters or 925 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 November 2018 the House Price Index for SOMERSET was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.139%.Applying this 24.139% change to the original purchase price of £240,000 results in an estimated price of approximately £297,932.
30 Nov 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.6 | 149.7 | 24.139 % | £240,000 | £57,932 | £297,932 |
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 | 11.770 % | £28,246 | £268,246 |
3 Month Average | 14.015 % | £33,635 | £273,635 |
6 Month Average | 21.323 % | £51,176 | £291,176 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £200,150 | £194,000 | 135 REDLAKE DRIVE |
3 Nov 2023 | £277,032 | £270,000 | 15 REDLAKE DRIVE |
22 Sep 2023 | £260,748 | £255,000 | 103 REDLAKE DRIVE |
22 Sep 2023 | £204,508 | £200,000 | 137 REDLAKE DRIVE |
7 Sep 2023 | £194,283 | £190,000 | 76 REDLAKE DRIVE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 22 May 2018. Using an estimated price of £297,933 means this house is valued at £3,464 per sq meter (£321 per sq foot).
The average size of a house on REDLAKE DRIVE is 73 sq meters (789 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Parrett Mead |
Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Parrett Mead |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lynor Close |
Jun 2024 | Violence and sexual offences | Offender given a caution | On or near Lynor Close |
Apr 2024 | Anti-social behaviour | On or near Marden Grove |