£318,056
This estimated value is based upon the latest sale price for the house of £235,100 on 27 May 2016. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£235,100 | 27 May 2016 |
£163,000 | 7 Aug 2015 |
Terraced |
Freehold |
Floor Area: 92 sq meters or 990 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 May 2016 the House Price Index for SUFFOLK was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £235,100 results in an estimated price of approximately £318,056.
27 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 149.7 | 35.286 % | £235,100 | £82,956 | £318,056 |
The Postcode Pricing Model uses changes in average sales price within the CO10 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 | 24.335 % | £57,212 | £292,312 |
3 Month Average | 38.992 % | £91,670 | £326,770 |
6 Month Average | 35.476 % | £83,403 | £318,503 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Aug 2023 | £458,265 | £450,000 | 11 MELFORD ROAD |
11 Aug 2023 | £392,071 | £385,000 | 32 GAINSBOROUGH ROAD |
22 Mar 2023 | £152,548 | £150,000 | 47 MELFORD ROAD |
9 Mar 2023 | £158,649 | £156,000 | 6 NEW STREET |
22 Apr 2022 | £241,201 | £232,500 | 23 NEW STREET |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 1 Mar 2016. Using an estimated price of £318,056 means this house is valued at £3,457 per sq meter (£321 per sq foot).
The average size of a house on GAINSBOROUGH ROAD is 120 sq meters (1,298 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Drugs | Awaiting court outcome | On or near Gainsborough Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Gainsborough Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Gainsborough Road |
Jul 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Gainsborough Road |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beaconsfield Road |