£412,534
This estimated value is based upon the latest sale price for the house of £270,000 on 9 Jul 2014. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There has been one burglary within the last year on or near Chichester Close
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| Price Paid | Date |
|---|---|
| £270,000 | 9 Jul 2014 |
| Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 July 2014 the House Price Index for SUFFOLK was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £270,000 results in an estimated price of approximately £412,534.
| 9 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £270,000 | £142,534 | £412,534 |
The Postcode Pricing Model uses changes in average sales price within the IP33 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 | 18.389 % | £49,649 | £319,649 |
| 3 Month Average | 35.178 % | £94,979 | £364,979 |
| 6 Month Average | 36.523 % | £98,613 | £368,613 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £420,089 | £415,000 | 11 CHICHESTER CLOSE |
| 2 Jun 2023 | £242,943 | £240,000 | FLAT 6 LYDGATE COURT ABBOTS GATE |
| 26 Apr 2023 | £217,340 | £215,000 | FLAT 37 LYDGATE COURT ABBOTS GATE |
| 20 Apr 2023 | £219,362 | £217,000 | FLAT 21 LYDGATE COURT ABBOTS GATE |
| 24 May 2022 | £224,225 | £220,000 | FLAT 11 LYDGATE COURT ABBOTS GATE |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 10 Apr 2014. Using an estimated price of £412,534 means this house is valued at £3,197 per sq meter (£297 per sq foot).
The average size of a house on CHICHESTER CLOSE is 168 sq meters (1,817 sq feet).
This house is the largest in the street with a floor area of 129 sq meters (1,388 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Chichester Close |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Abbots Gate |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Ely Close |
| Feb 2024 | Drugs | Awaiting court outcome | On or near Archers Place |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Grindle Gardens |