£242,796
This estimated value is based upon the latest sale price for the house of £201,000 on 25 Aug 2020. This value is then adjusted by the current Official House Price Index for SOMERSET 1
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Price Paid | Date |
---|---|
£201,000 | 25 Aug 2020 |
£192,000 | 18 Jul 2017 |
£178,500 | 19 Dec 2014 |
£143,250 | 21 Jul 2006 |
£108,950 | 21 Mar 2003 |
£52,000 | 28 Apr 1999 |
Terraced |
Freehold |
Floor Area: 90 sq meters or 968 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 2020 the House Price Index for SOMERSET was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £201,000 results in an estimated price of approximately £242,796.
25 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.9 | 149.7 | 20.794 % | £201,000 | £41,796 | £242,796 |
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 | -7.061 % | £-14,192 | £186,807 |
3 Month Average | 2.977 % | £5,983 | £206,983 |
6 Month Average | 11.693 % | £23,502 | £224,502 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 May 2024 | £97,500 | £97,500 | FLAT 2A 12 NOBLE STREET |
3 Nov 2023 | £205,209 | £200,000 | 13 NOBLE STREET |
28 Sep 2023 | £209,621 | £205,000 | 49 GRAYS ROAD |
30 Jun 2023 | £193,885 | £190,000 | 33 GRAYS ROAD |
2 Jun 2023 | £239,806 | £235,000 | 6 GRAYS TERRACE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 22 Oct 2014. Using an estimated price of £242,796 means this house is valued at £2,697 per sq meter (£250 per sq foot).
The average size of a house on NOBLE STREET is 90 sq meters (971 sq feet).