£279,719
This estimated value is based upon the latest sale price for the house of £59,950 on 3 Aug 1998. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £59,950 | 3 Aug 1998 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 790 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 1998 the House Price Index for SUFFOLK was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 366.588%.Applying this 366.588% change to the original purchase price of £59,950 results in an estimated price of approximately £279,719.
| 3 Aug 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 148.6 | 366.588 % | £59,950 | £219,769 | £279,719 |
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 | 254.244 % | £152,419 | £212,369 |
| 3 Month Average | 212.426 % | £127,349 | £187,299 |
| 6 Month Average | 295.948 % | £177,420 | £237,370 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £237,658 | £233,500 | UNIT 9 MERCERS ROAD |
| 23 Nov 2023 | £456,762 | £450,000 | 2 LAYWOOD CLOSE |
| 18 Aug 2023 | £327,868 | £325,000 | 1 ST NICHOLAS CLOSE |
| 30 Jun 2023 | £2,692,616 | £2,660,000 | 40 HOLLOW ROAD |
| 27 Apr 2023 | £550,932 | £545,000 | 57 EASTGATE STREET |
This house has a floor area of 73 sq meters or 790 sq feet when measured on 23 Jul 2010. Using an estimated price of £279,720 means this house is valued at £3,810 per sq meter (£353 per sq foot).
The average size of a house on HOLLOW ROAD is 105 sq meters (1,131 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Hollow Road |
| Mar 2024 | Drugs | Local resolution | On or near Hollow Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Eastern Way |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Holderness Road |
| Mar 2024 | Anti-social behaviour | On or near Brayfield Close |