£309,097
This estimated value is based upon the latest sale price for the house of £236,000 on 24 Feb 2017. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£236,000 | 24 Feb 2017 |
£55,000 | 25 Aug 1995 |
Semi-Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 February 2017 the House Price Index for SUFFOLK was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £236,000 results in an estimated price of approximately £309,097.
24 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £236,000 | £73,097 | £309,097 |
The Postcode Pricing Model uses changes in average sales price within the IP32 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 | 153.424 % | £362,081 | £598,081 |
3 Month Average | 21.982 % | £51,877 | £287,877 |
6 Month Average | -1.180 % | £-2,785 | £233,214 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £152,341 | £150,000 | 21 MERMAID CLOSE |
10 Nov 2023 | £610,497 | £595,000 | 109 FORNHAM ROAD |
30 Aug 2022 | £379,273 | £377,500 | 89 FORNHAM ROAD |
28 Jan 2022 | £917,072 | £865,000 | 113 FORNHAM ROAD |
27 Aug 2021 | £149,475 | £133,000 | 5 RIVERSIDE COURT BELL MEADOW |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 9 Dec 2016. Using an estimated price of £309,097 means this house is valued at £3,912 per sq meter (£363 per sq foot).
The average size of a house on FORNHAM ROAD is 121 sq meters (1,305 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Riverside Court |
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Avenue Approach |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Avenue Approach |
Jul 2024 | Public order | Under investigation | On or near Petrol Station |
Jun 2024 | Anti-social behaviour | On or near Petrol Station |