£229,698
This estimated value is based upon the latest sale price for the house of £46,000 on 1 Sep 1997. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£46,000 | 1 Sep 1997 |
Terraced |
Freehold |
Floor Area: 71 sq meters or 764 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 September 1997 the House Price Index for SUFFOLK was 29.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 399.345%.Applying this 399.345% change to the original purchase price of £46,000 results in an estimated price of approximately £229,698.
1 Sep 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.8 | 148.6 | 399.345 % | £46,000 | £183,698 | £229,698 |
The Postcode Pricing Model uses changes in average sales price within the IP11 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 | 476.103 % | £219,007 | £265,007 |
3 Month Average | 479.305 % | £220,480 | £266,480 |
6 Month Average | 449.596 % | £206,814 | £252,814 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £234,096 | £230,000 | 24 RUNNACLES WAY |
22 Sep 2023 | £222,849 | £220,000 | 7 RUNNACLES WAY |
8 Sep 2023 | £227,914 | £225,000 | 16 THE DOWNS |
11 Aug 2023 | £312,736 | £310,000 | 37 RUNNACLES WAY |
24 Mar 2023 | £163,541 | £162,000 | 16 GENERALS MEWS |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 11 Apr 2019. Using an estimated price of £229,699 means this house is valued at £3,235 per sq meter (£300 per sq foot).
The average size of a house on RUNNACLES WAY is 58 sq meters (628 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Reedland Way |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Otley Court |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Barnfield |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Grange Farm Avenue |