£418,355
This estimated value is based upon the latest sale price for the house of £375,000 on 31 Aug 2021. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £375,000 | 31 Aug 2021 |
| £230,000 | 4 Jun 2010 |
| £220,000 | 8 Sep 2006 |
| £143,995 | 10 Aug 2001 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 777 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 August 2021 the House Price Index for SUFFOLK was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £375,000 results in an estimated price of approximately £418,355.
| 31 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £375,000 | £43,355 | £418,355 |
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 | 13.256 % | £49,709 | £424,709 |
| 3 Month Average | 3.295 % | £12,354 | £387,354 |
| 6 Month Average | 7.024 % | £26,340 | £401,340 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £371,500 | £365,000 | 14 FEN WAY |
| 7 Dec 2023 | £422,390 | £415,000 | 20 MYRTLE CLOSE |
| 30 Jun 2023 | £349,230 | £345,000 | 50 FEN WAY |
| 21 Apr 2023 | £280,520 | £277,500 | 3 SPRING LANE |
| 31 Mar 2023 | £257,425 | £255,000 | 33 FEN WAY |
This house has a floor area of 72 sq meters or 777 sq feet when measured on 18 Feb 2010. Using an estimated price of £418,356 means this house is valued at £5,794 per sq meter (£538 per sq foot).
The average size of a house on SPRING LANE is 100 sq meters (1,082 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Willow Way |
| Apr 2024 | Public order | Under investigation | On or near Willow Way |
| Apr 2024 | Bicycle theft | Under investigation | On or near Willow Way |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Willow Way |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Willow Way |