£248,905
This estimated value is based upon the latest sale price for the house of £185,000 on 6 Jun 2016. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £185,000 | 6 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 June 2016 the House Price Index for NORFOLK was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £185,000 results in an estimated price of approximately £248,905.
| 6 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £185,000 | £63,905 | £248,905 |
The Postcode Pricing Model uses changes in average sales price within the NR21 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 | 42.609 % | £78,826 | £263,826 |
| 3 Month Average | 31.566 % | £58,396 | £243,396 |
| 6 Month Average | 46.111 % | £85,304 | £270,304 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2023 | £196,169 | £192,500 | 11 VALLEY WAY |
| 16 Nov 2022 | £263,767 | £265,000 | 6 HEATH RISE |
| 26 Aug 2022 | £302,524 | £301,109 | 12 HEATH RISE |
| 26 Jul 2022 | £327,027 | £323,750 | 48 HEATH RISE |
| 7 Feb 2022 | £279,961 | £265,000 | 55 HEATH RISE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 23 Feb 2016. Using an estimated price of £248,906 means this house is valued at £3,505 per sq meter (£325 per sq foot).
The average size of a house on NORWICH ROAD is 115 sq meters (1,242 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Norwich Road | |
| May 2024 | Anti-social behaviour | On or near Norwich Road | |
| May 2024 | Anti-social behaviour | On or near Norwich Road | |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Wymans Way |
| Jul 2024 | Anti-social behaviour | On or near Clover Way |