£246,250
This estimated value is based upon the latest sale price for the house of £240,000 on 7 Nov 2023. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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Price Paid | Date |
---|---|
£240,000 | 7 Nov 2023 |
£170,000 | 16 Aug 2021 |
Terraced |
Freehold |
Floor Area: 92 sq meters or 990 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 November 2023 the House Price Index for NORFOLK was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £240,000 results in an estimated price of approximately £246,250.
7 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.9 | 149.7 | 2.605 % | £240,000 | £6,250 | £246,250 |
The Postcode Pricing Model uses changes in average sales price within the NR28 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 | 42.846 % | £102,830 | £342,830 |
3 Month Average | -1.742 % | £-4,181 | £235,818 |
6 Month Average | -8.864 % | £-21,273 | £218,726 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Nov 2023 | £246,251 | £240,000 | 11 GROVE ROAD |
19 Oct 2023 | £258,880 | £253,000 | KENDAL WITTON VIEW |
18 Oct 2023 | £301,856 | £295,000 | THISTLEDEW GROVE ROAD |
13 Oct 2023 | £284,972 | £278,500 | 64 HALL LANE |
29 Sep 2023 | £127,818 | £125,000 | 5 THOMAS DIX COURT |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 4 Jun 2021. Using an estimated price of £246,251 means this house is valued at £2,676 per sq meter (£248 per sq foot).
The average size of a house on GROVE ROAD is 95 sq meters (1,024 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Grove Road |
May 2024 | Criminal damage and arson | Under investigation | On or near King'S Close |
May 2024 | Criminal damage and arson | Under investigation | On or near King'S Close |
May 2024 | Violence and sexual offences | Under investigation | On or near King'S Close |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Kimberley Road |