£368,029
This estimated value is based upon the latest sale price for the house of £300,000 on 18 Dec 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £300,000 | 18 Dec 2019 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 sq feet |
This model uses changes in the Official Land Registry House Price Index for SUFFOLK to estimate the market value.
When this house was purchased in December 2019 the House Price Index for SUFFOLK was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £300,000 results in an estimated price of approximately £368,029.
| 18 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £300,000 | £68,029 | £368,029 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 50.177 % | £150,531 | £450,531 |
| 3 Month Average | 22.321 % | £66,962 | £366,962 |
| 6 Month Average | 6.596 % | £19,788 | £319,788 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £324,145 | £320,000 | 294 FELIXSTOWE ROAD |
| 18 Feb 2022 | £187,192 | £178,500 | 265 FELIXSTOWE ROAD |
| 22 Dec 2021 | £326,770 | £305,000 | 5 KING EDWARD ROAD |
| 17 Dec 2021 | £267,844 | £250,000 | 258 FELIXSTOWE ROAD |
| 25 Nov 2021 | £264,971 | £245,000 | 20 MURRAY ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 7 Aug 2019. Using an estimated price of £368,029 means this house is valued at £4,044 per sq meter (£375 per sq foot).
The average size of a house on KING EDWARD ROAD is 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sports/Recreation Area |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Murray Road |
| Apr 2024 | Anti-social behaviour | On or near Murray Road | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Murray Road |