2, CREASE CLOSE, WELLS, BA5 2DH - £272,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 CREASE CLOSE is a detached house, which could now be worth an estimated £438,983. It was last sold for £272,500 in September 2006, which was around 4% below the average September 2006 detached price in the Somerset local authority area.

2 CREASE CLOSE Sold Prices

Land registry data shows four sales for 2 CREASE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Somerset local authority area for the corresponding sale date. One of the four 2 CREASE CLOSE sales was for below the average price, whilst two were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2006 18 SEP	£272,500	£284,508	4% below HPI
2004 30 APR	£245,000	£244,269	Close to HPI
2001 23 AUG	£166,000	£157,950	5% above HPI
1995 27 OCT	£102,945	£87,148	18% above HPI

What might 2 CREASE CLOSE be worth now?

2 CREASE CLOSE might now be worth an estimated £438,983.

This is based on house price inflation of 61.1%, between September 2006 and May 2026, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 61.1% inflationary increase is applied to the most recent sale price for 2 CREASE CLOSE of £272,500 on 18th September 2006. For the value to have increased from £272,500 to £438,983 over the twenty years and four months to May 2026, the following assumptions must hold true:

• The value of 2 CREASE CLOSE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The September 2006 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 2 CREASE CLOSE has not materially changed since September 2006.

Where is 2 CREASE CLOSE?

2 CREASE CLOSE is located in WELLS, in the BA5 postcode district.