£502,909
This estimated value is based upon the latest sale price for the house of £388,000 on 17 Mar 2017. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £388,000 | 17 Mar 2017 |
| £65,000 | 8 Dec 1995 |
| Detached |
| Freehold |
| Floor Area: 131 sq meters or 1,410 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 March 2017 the House Price Index for NORFOLK was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £388,000 results in an estimated price of approximately £502,909.
| 17 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £388,000 | £114,909 | £502,909 |
The Postcode Pricing Model uses changes in average sales price within the NR4 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 | 8.078 % | £31,343 | £419,343 |
| 3 Month Average | 7.695 % | £29,855 | £417,855 |
| 6 Month Average | 5.634 % | £21,858 | £409,858 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £492,288 | £485,000 | 1 PENSHURST MEWS |
| 21 Apr 2023 | £515,551 | £510,000 | 13 PARSONS MEAD |
| 18 Nov 2022 | £395,213 | £400,000 | 23 PARSONS MEAD |
| 29 Jul 2022 | £346,934 | £346,000 | 33 PARSONS MEAD |
| 4 Jul 2022 | £822,213 | £820,000 | 12 ELVEDEN CLOSE |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 5 Jan 2017. Using an estimated price of £502,910 means this house is valued at £3,839 per sq meter (£356 per sq foot).
The average size of a house on CRANLEIGH RISE is 124 sq meters (1,341 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Cheyham Mount |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Newmarket Road |
| Feb 2024 | Other theft | Under investigation | On or near Newmarket Road |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Turnberry |
| Feb 2024 | Burglary | Awaiting court outcome | On or near Turnberry |