£305,973
This estimated value is based upon the latest sale price for the house of £240,000 on 14 Jul 2017. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £240,000 | 14 Jul 2017 |
| £200,000 | 25 Feb 2015 |
| £154,950 | 31 Jan 2005 |
| £49,950 | 18 Jul 1997 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 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 2017 the House Price Index for NORFOLK was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £240,000 results in an estimated price of approximately £305,973.
| 14 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £240,000 | £65,973 | £305,973 |
The Postcode Pricing Model uses changes in average sales price within the NR2 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 | -11.658 % | £-27,978 | £212,021 |
| 3 Month Average | 21.738 % | £52,170 | £292,170 |
| 6 Month Average | 21.613 % | £51,871 | £291,871 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jul 2022 | £288,978 | £288,200 | 2A HILL STREET |
| 30 Mar 2022 | £248,703 | £240,000 | 87 GLOUCESTER STREET |
| 4 Feb 2022 | £256,406 | £244,500 | 22 HILL STREET |
| 10 Jun 2021 | £150,209 | £140,000 | 66 LEICESTER STREET |
| 12 Nov 2020 | £234,769 | £202,500 | 85 GLOUCESTER STREET |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 18 Nov 2014. Using an estimated price of £305,973 means this house is valued at £4,780 per sq meter (£444 per sq foot).
The average size of a house on NEWMARKET STREET is 74 sq meters (802 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Hill Street | |
| Mar 2024 | Anti-social behaviour | On or near Hill Street | |
| Apr 2024 | Anti-social behaviour | On or near Leicester Street | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Newmarket Street |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mount Pleasant |