£432,806
This estimated value is based upon the latest sale price for the house of £425,000 on 2 Aug 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 | 2 Aug 2023 |
| £340,000 | 5 Nov 2020 |
| £101,995 | 29 Nov 1996 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 August 2023 the House Price Index for SOMERSET was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £425,000 results in an estimated price of approximately £432,806.
| 2 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £425,000 | £7,806 | £432,806 |
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 | -35.950 % | £-152,786 | £272,213 |
| 3 Month Average | 3.694 % | £15,700 | £440,700 |
| 6 Month Average | 10.306 % | £43,799 | £468,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £405,288 | £395,000 | 37 PEILE DRIVE |
| 14 Aug 2023 | £529,551 | £520,000 | 25 PEILE DRIVE |
| 2 Aug 2023 | £432,806 | £425,000 | 5 CRAIG LEA |
| 20 Jun 2023 | £505,123 | £495,000 | 42 PEILE DRIVE |
| 20 Jan 2023 | £157,421 | £157,000 | 31 MILL HOUSE ROAD |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 30 Jul 2020. Using an estimated price of £432,806 means this house is valued at £3,899 per sq meter (£362 per sq foot).
The average size of a house on CRAIG LEA is 142 sq meters (1,535 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Wyndham Road | |
| Jul 2024 | Anti-social behaviour | On or near Wyndham Road | |
| Jul 2024 | Anti-social behaviour | On or near Wyndham Road | |
| Jul 2024 | Anti-social behaviour | On or near Wyndham Road | |
| Oct 2024 | Burglary | Under investigation | On or near Longacre Close |