£304,508
This estimated value is based upon the latest sale price for the house of £300,000 on 24 Nov 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£300,000 | 24 Nov 2023 |
£226,000 | 7 May 2010 |
£87,000 | 23 Apr 1999 |
Detached |
Freehold |
Floor Area: 88 sq meters or 947 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 2023 the House Price Index for SUFFOLK was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £300,000 results in an estimated price of approximately £304,508.
24 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.4 | 148.6 | 1.503 % | £300,000 | £4,508 | £304,508 |
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 | -46.895 % | £-140,683 | £159,316 |
3 Month Average | -23.273 % | £-69,819 | £230,180 |
6 Month Average | 0.860 % | £2,578 | £302,578 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £304,508 | £300,000 | 170 RAEDWALD DRIVE |
17 Jun 2022 | £294,157 | £290,000 | 79 RAEDWALD DRIVE |
17 Jun 2022 | £365,160 | £360,000 | 238 RAEDWALD DRIVE |
19 Apr 2022 | £256,420 | £249,000 | 3 BERNHAM CLOSE |
18 Feb 2022 | £367,043 | £350,000 | 207 RAEDWALD DRIVE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 26 Jul 2021. Using an estimated price of £304,508 means this house is valued at £3,460 per sq meter (£321 per sq foot).
The average size of a house on RAEDWALD DRIVE is 93 sq meters (1,011 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Raedwald Drive |
Feb 2024 | Violence and sexual offences | Offender given a caution | On or near Mylford Close |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Layhill Close |
Feb 2024 | Public order | Unable to prosecute suspect | On or near Sutton Close |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Sutton Close |