£288,478
This estimated value is based upon the latest sale price for the house of £220,000 on 6 Dec 2016. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£220,000 | 6 Dec 2016 |
£165,000 | 14 Oct 2011 |
£138,000 | 10 Mar 2004 |
£138,000 | 10 Mar 2004 |
£83,000 | 1 Jun 2001 |
Semi-Detached |
Freehold |
Floor Area: 81 sq meters or 875 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 2016 the House Price Index for SUFFOLK was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £220,000 results in an estimated price of approximately £288,478.
6 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.3 | 148.6 | 31.127 % | £220,000 | £68,478 | £288,478 |
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 | -15.023 % | £-33,049 | £186,950 |
3 Month Average | -11.270 % | £-24,794 | £195,205 |
6 Month Average | 11.788 % | £25,934 | £245,934 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £603,941 | £595,000 | 109 FORNHAM ROAD |
30 Aug 2022 | £376,487 | £377,500 | 89 FORNHAM ROAD |
9 Mar 2022 | £166,838 | £161,000 | 7 MERMAID CLOSE |
28 Jan 2022 | £910,333 | £865,000 | 113 FORNHAM ROAD |
27 Aug 2021 | £148,377 | £133,000 | 5 RIVERSIDE COURT BELL MEADOW |
This house has a floor area of 81 sq meters or 875 sq feet when measured on 14 Oct 2010. Using an estimated price of £288,479 means this house is valued at £3,547 per sq meter (£329 per sq foot).
The average size of a house on FORNHAM ROAD is 116 sq meters (1,257 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Layham Drive | |
Jan 2024 | Anti-social behaviour | On or near Layham Drive | |
Jan 2024 | Anti-social behaviour | On or near Layham Drive | |
Jan 2024 | Anti-social behaviour | On or near Layham Drive | |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Riverside Court |