£175,144
This estimated value is based upon the latest sale price for the house of £120,000 on 15 May 2015. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £120,000 | 15 May 2015 |
| £117,000 | 5 Sep 2013 |
| £44,950 | 30 Jun 2000 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 May 2015 the House Price Index for NORFOLK was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £120,000 results in an estimated price of approximately £175,144.
| 15 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 148.6 | 45.954 % | £120,000 | £55,144 | £175,144 |
The Postcode Pricing Model uses changes in average sales price within the NR31 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 | 51.545 % | £61,853 | £181,853 |
| 3 Month Average | 35.242 % | £42,290 | £162,290 |
| 6 Month Average | 35.194 % | £42,233 | £162,233 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £171,189 | £169,000 | 7 STATION ROAD |
| 10 Mar 2023 | £114,075 | £113,000 | 4 STATION ROAD |
| 2 Aug 2022 | £144,611 | £145,000 | 11 LICHFIELD ROAD |
| 8 Apr 2022 | £185,364 | £180,000 | 9 LICHFIELD ROAD |
| 14 Jan 2022 | £183,119 | £174,000 | 1 LICHFIELD ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 2 May 2013. Using an estimated price of £175,145 means this house is valued at £1,621 per sq meter (£150 per sq foot).
The average size of a house on LICHFIELD ROAD is 104 sq meters (1,126 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jervis Close |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Station Road |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Station Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Station Road |
| Mar 2024 | Other theft | Under investigation | On or near Tamworth Lane |