£421,010
This estimated value is based upon the latest sale price for the house of £76,000 on 3 May 1996. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £76,000 | 3 May 1996 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 May 1996 the House Price Index for SOMERSET was 26.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 453.961%.Applying this 453.961% change to the original purchase price of £76,000 results in an estimated price of approximately £421,010.
| 3 May 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 146.7 | 453.961 % | £76,000 | £345,010 | £421,010 |
The Postcode Pricing Model uses changes in average sales price within the TA8 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 | 587.903 % | £446,806 | £522,806 |
| 3 Month Average | 439.892 % | £334,318 | £410,318 |
| 6 Month Average | 445.734 % | £338,757 | £414,757 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 30 Apr 2014.
The average size of a house on WALLACE WELLS ROAD is 121 sq meters (1,308 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Formal action is not in the public interest | On or near Heal Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Heal Close |
| Jan 2024 | Public order | Under investigation | On or near Wallace Wells Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Wallace Wells Road |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Stone Road |