£154,511
This estimated value is based upon the latest sale price for the house of £124,995 on 10 May 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £124,995 | 10 May 2019 |
| £142,000 | 16 Mar 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 May 2019 the House Price Index for SUFFOLK was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £124,995 results in an estimated price of approximately £154,511.
| 10 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £124,995 | £29,516 | £154,511 |
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 | 54.463 % | £68,076 | £193,071 |
| 3 Month Average | 23.814 % | £29,765 | £154,760 |
| 6 Month Average | 5.444 % | £6,804 | £131,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jul 2023 | £110,487 | £109,000 | 21 HOPE COURT |
| 28 Feb 2023 | £114,923 | £115,000 | 28 SILOAM PLACE |
| 30 Aug 2022 | £133,142 | £133,500 | 85 POWNALL ROAD |
| 15 Jun 2022 | £116,648 | £115,000 | 40 POWNALL ROAD |
| 28 Oct 2021 | £112,861 | £102,000 | 38 POWNALL ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 19 Mar 2019. Using an estimated price of £154,511 means this house is valued at £2,575 per sq meter (£239 per sq foot).
The average size of a house on SILOAM PLACE is 62 sq meters (676 sq feet).