£314,394
This estimated value is based upon the latest sale price for the house of £183,000 on 18 May 2012. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £183,000 | 18 May 2012 |
| £156,000 | 17 Sep 2004 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 May 2012 the House Price Index for NORFOLK was 87.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.800%.Applying this 71.800% change to the original purchase price of £183,000 results in an estimated price of approximately £314,394.
| 18 May 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 149.7 | 71.800 % | £183,000 | £131,394 | £314,394 |
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 | 105.177 % | £192,473 | £375,473 |
| 3 Month Average | 63.969 % | £117,063 | £300,063 |
| 6 Month Average | 74.686 % | £136,674 | £319,674 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £270,000 | £270,000 | 7 DRIFTLANDS |
| 26 Apr 2024 | £171,489 | £170,000 | 7 GREAT EASTERN WAY |
| 27 Oct 2023 | £253,763 | £248,000 | 13 DRIFTLANDS |
| 18 Aug 2023 | £259,684 | £255,000 | 17 DRIFTLANDS |
| 18 Aug 2023 | £162,939 | £160,000 | 48 NORWICH ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 2 May 2012. Using an estimated price of £314,394 means this house is valued at £3,454 per sq meter (£320 per sq foot).
The average size of a house on THE DRIFT is 129 sq meters (1,394 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magnolia Close |
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Driftlands |
| Jul 2024 | Violence and sexual offences | Awaiting court outcome | On or near Driftlands |
| May 2024 | Public order | Unable to prosecute suspect | On or near Holt Road |
| Jun 2024 | Public order | Formal action is not in the public interest | On or near Tower Court |