£507,855
This estimated value is based upon the latest sale price for the house of £170,000 on 5 Apr 2002. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £170,000 | 5 Apr 2002 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in April 2002 the House Price Index for NORFOLK was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £170,000 results in an estimated price of approximately £507,855.
| 5 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 148.6 | 198.739 % | £170,000 | £337,855 | £507,855 |
The Postcode Pricing Model uses changes in average sales price within the NR21 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 | 243.236 % | £413,500 | £583,500 |
| 3 Month Average | 256.694 % | £436,379 | £606,379 |
| 6 Month Average | 225.366 % | £383,122 | £553,122 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £167,023 | £165,000 | 2 RED LION COURT |
| 30 Sep 2022 | £67,951 | £68,500 | 5 NEWMANS YARD NORWICH STREET |
| 22 Sep 2022 | £143,342 | £144,500 | 5 NEWMANS COURT NORWICH STREET |
| 5 Jul 2022 | £365,985 | £365,000 | 13B GLADSTONE ROAD |
| 30 May 2022 | £112,112 | £110,000 | FLAT 10 7 NEWMANS COURT |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 31 Jan 2013. Using an estimated price of £507,856 means this house is valued at £7,579 per sq meter (£704 per sq foot).
There is one other house on the street which we know the size of, this is 3 RED LION COURT it is 106.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Parking Area |
| Mar 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |