£117,595
This estimated value is based upon the latest sale price for the house of £68,000 on 14 Aug 2006. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£68,000 | 14 Aug 2006 |
£17,000 | 8 Oct 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 22 sq meters or 236 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 2006 the House Price Index for SOMERSET was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.934%.Applying this 72.934% change to the original purchase price of £68,000 results in an estimated price of approximately £117,595.
14 Aug 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.6 | 149.7 | 72.934 % | £68,000 | £49,595 | £117,595 |
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 | 66.028 % | £44,898 | £112,898 |
3 Month Average | 36.672 % | £24,936 | £92,936 |
6 Month Average | 45.127 % | £30,686 | £98,686 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Sep 2023 | £239,275 | £234,000 | 3 PARK STREET |
20 Sep 2022 | £61,959 | £62,000 | FLAT 7 12 WELLINGTON ROAD |
20 Sep 2022 | £29,980 | £30,000 | 12 WELLINGTON ROAD |
23 Aug 2022 | £124,583 | £124,000 | FLAT 3 5 PARK STREET |
29 Jun 2022 | £86,857 | £85,000 | 26F PARK STREET |
This house has a floor area of 22 sq meters or 236 sq feet when measured on 12 May 2016. Using an estimated price of £117,595 means this house is valued at £5,345 per sq meter (£496 per sq foot).
The average size of a house on COMPASS HILL is 33 sq meters (356 sq feet).