£198,551
This estimated value is based upon the latest sale price for the house of £129,950 on 7 Jul 2014. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £129,950 | 7 Jul 2014 |
| £43,000 | 8 Nov 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 July 2014 the House Price Index for NORFOLK was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £129,950 results in an estimated price of approximately £198,551.
| 7 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £129,950 | £68,601 | £198,551 |
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 | 83.328 % | £108,284 | £238,234 |
| 3 Month Average | 90.533 % | £117,647 | £247,597 |
| 6 Month Average | 76.245 % | £99,080 | £229,030 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2023 | £217,785 | £215,000 | 47 LANCASTER AVENUE |
| 25 Aug 2023 | £302,648 | £300,000 | 59 LANCASTER AVENUE |
| 6 Apr 2023 | £187,014 | £185,000 | 38 QUEENS ROAD |
| 15 Mar 2023 | £529,993 | £525,000 | WINDFALL GREENWAY LANE |
| 23 Feb 2023 | £304,795 | £305,000 | 12 GREENWAY LANE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 23 Jan 2013. Using an estimated price of £198,551 means this house is valued at £2,545 per sq meter (£236 per sq foot).
The average size of a house on LANCASTER CLOSE is 98 sq meters (1,056 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lancaster Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Queen'S Road |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Jubilee Avenue |
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Jubilee Avenue |
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Jubilee Avenue |