'The cost would be somewhere around £1500.' Does 'would' mean 'perhaps will'?

[Klpno]

Hello everyone

Here is a sentence from the Oxford advanced learner's dictonary (from the article for "around"):

The cost would be somewhere around £1 500.

Does 'would' mean 'perhaps will'?

[Yankee]

Hi KLPNO

I suppose you could look at it this way:

If you took the course, the cost would be somewhere around £1 500. (i.e. a standard type 2 IF-sentence)

You can also use "would" rather than "will" to allow for the possibility that there might be someone for whom there might be unexpected additional costs.

I understand the sentence to mean that "around £1 500" is the cost that a normal/usual course participant can expect.
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"Nearly all men can stand adversity, but if you want to test a man's character, give him power." ~ Abraham Lincoln

[Klpno]

Hi Amy

Thank you very much.