£196,211
This estimated value is based upon the latest sale price for the house of £160,000 on 21 Oct 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £160,000 | 21 Oct 2019 |
| £29,500 | 15 Jul 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 2019 the House Price Index for SUFFOLK was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £160,000 results in an estimated price of approximately £196,211.
| 21 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £160,000 | £36,211 | £196,211 |
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 | 26.452 % | £42,322 | £202,322 |
| 3 Month Average | 12.761 % | £20,418 | £180,418 |
| 6 Month Average | 6.288 % | £10,060 | £170,060 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £225,336 | £222,000 | 47 MORLAND ROAD |
| 25 Aug 2023 | £252,206 | £250,000 | 69 TURNER ROAD |
| 29 Apr 2022 | £211,109 | £205,000 | 83 FLETCHER ROAD |
| 20 Apr 2022 | £224,496 | £218,000 | 52 ROMNEY ROAD |
| 21 Jan 2022 | £184,171 | £175,000 | 82 ROMNEY ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 24 Jun 2019. Using an estimated price of £196,212 means this house is valued at £2,928 per sq meter (£272 per sq foot).
The average size of a house on LELY ROAD is 105 sq meters (1,135 sq feet).
This house is the smallest in the street with a floor area of 67 sq meters (721 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Lely Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Lely Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lely Road |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Lely Road |
| Jan 2024 | Drugs | Offender given a caution | On or near Lely Road |