£602,837
This estimated value is based upon the latest sale price for the house of £490,000 on 22 Feb 2019. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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| Price Paid | Date |
|---|---|
| £490,000 | 22 Feb 2019 |
| Detached |
| Freehold |
| Floor Area: 147 sq meters or 1,582 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 February 2019 the House Price Index for SOMERSET was 120.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.028%.Applying this 23.028% change to the original purchase price of £490,000 results in an estimated price of approximately £602,837.
| 22 Feb 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.0 | 23.028 % | £490,000 | £112,837 | £602,837 |
The Postcode Pricing Model uses changes in average sales price within the BS27 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 | 139.362 % | £682,875 | £1,172,875 |
| 3 Month Average | 28.665 % | £140,457 | £630,457 |
| 6 Month Average | 21.478 % | £105,241 | £595,241 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £331,267 | £325,000 | BODELE STATION ROAD |
| 27 Nov 2023 | £227,926 | £225,000 | 18 OSTREY MEAD |
| 24 Jul 2023 | £388,677 | £385,000 | MANOR COACH HOUSE LOWER NORTH STREET |
| 13 Jul 2023 | £403,820 | £400,000 | COPPER BEECHES STATION ROAD |
| 21 Mar 2023 | £502,717 | £500,000 | ROWANS THE HAYES |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 30 Dec 2018. Using an estimated price of £602,837 means this house is valued at £4,100 per sq meter (£380 per sq foot).
The average size of a house on CATHAY LANE is 171 sq meters (1,848 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Venns Close |