£489,727
This estimated value is based upon the latest sale price for the house of £495,000 on 13 Oct 2022. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £495,000 | 13 Oct 2022 |
| £247,500 | 14 Oct 2016 |
| Detached |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 October 2022 the House Price Index for SUFFOLK was 150.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.065%.Applying this -1.065% change to the original purchase price of £495,000 results in an estimated price of approximately £489,727.
| 13 Oct 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.2 | 148.6 | -1.065 % | £495,000 | £-5,272 | £489,727 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 13.596 % | £67,299 | £562,299 |
| 3 Month Average | 17.086 % | £84,576 | £579,576 |
| 6 Month Average | 11.609 % | £57,463 | £552,463 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £355,260 | £350,000 | 32 ELMHURST DRIVE |
| 16 Nov 2023 | £233,456 | £230,000 | 43 BEECH GROVE |
| 10 Aug 2023 | £290,037 | £287,500 | 35 BEECH GROVE |
| 13 Oct 2022 | £489,727 | £495,000 | 2 LEE ROAD |
| 5 Sep 2022 | £353,644 | £356,500 | 35 SEVERN ROAD |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 17 Mar 2016. Using an estimated price of £489,727 means this house is valued at £3,981 per sq meter (£369 per sq foot).
The average size of a house on LEE ROAD is 117 sq meters (1,267 sq feet).
This house is the largest in the street with a floor area of 123 sq meters (1,323 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Severn Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Beech Grove |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Beech Grove |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elmhurst Drive |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cliff Lane |