£1,089,519
This estimated value is based upon the latest sale price for the house of £1,000,000 on 3 Nov 2021. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There have been two burglaries within the last year on or near Northgate Avenue
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| Price Paid | Date |
|---|---|
| £1,000,000 | 3 Nov 2021 |
| Detached |
| Freehold |
| Floor Area: 480 sq meters or 5,166 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 November 2021 the House Price Index for SUFFOLK was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £1,000,000 results in an estimated price of approximately £1,089,519.
| 3 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £1,000,000 | £89,519 | £1,089,519 |
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 | 37.551 % | £375,507 | £1,375,507 |
| 3 Month Average | 6.802 % | £68,023 | £1,068,023 |
| 6 Month Average | -16.566 % | £-165,659 | £834,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Oct 2023 | £172,928 | £169,000 | 34 STEPHENSON PLACE |
| 26 Sep 2023 | £332,326 | £325,000 | 6A NORTHGATE AVENUE |
| 21 Apr 2023 | £343,423 | £337,000 | 6 AVENUE APPROACH |
| 4 Oct 2022 | £518,269 | £520,000 | 20 STEPHENSON PLACE |
| 3 Nov 2021 | £1,089,520 | £1,000,000 | 16 NORTHGATE AVENUE |
This house has a floor area of 480 sq meters or 5,166 sq feet when measured on 29 Jul 2021. Using an estimated price of £1,089,520 means this house is valued at £2,269 per sq meter (£210 per sq foot).
The average size of a house on NORTHGATE AVENUE is 220 sq meters (2,375 sq feet).
This house is the largest in the street with a floor area of 480 sq meters (5,166 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Awaiting court outcome | On or near Northgate Avenue |
| Jun 2024 | Burglary | Awaiting court outcome | On or near Northgate Avenue |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Northgate Avenue |
| Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Woodford Gardens |
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Avenue Approach |