£272,260
This estimated value is based upon the latest sale price for the house of £57,500 on 14 Apr 1998. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There has been one burglary within the last year on or near Mark Jennings Lane
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Price Paid | Date |
---|---|
£57,500 | 14 Apr 1998 |
Terraced |
Freehold |
Floor Area: 72 sq meters or 775 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 April 1998 the House Price Index for SUFFOLK was 31.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 373.497%.Applying this 373.497% change to the original purchase price of £57,500 results in an estimated price of approximately £272,260.
14 Apr 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.4 | 148.6 | 373.497 % | £57,500 | £214,760 | £272,260 |
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 | 320.994 % | £184,571 | £242,071 |
3 Month Average | 371.850 % | £213,813 | £271,313 |
6 Month Average | 364.867 % | £209,798 | £267,298 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £720,000 | £720,000 | THE OLD NEW INN, 42 NORTHGATE STREET |
26 Sep 2023 | £298,821 | £295,000 | 56 COTTON LANE |
10 Mar 2023 | £302,848 | £299,995 | 86 NORTHGATE STREET |
10 Feb 2023 | £177,381 | £177,500 | 23 CHANTRY COURT |
4 May 2022 | £171,226 | £168,000 | 1 MARK JENNINGS LANE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 7 Aug 2020. Using an estimated price of £272,261 means this house is valued at £3,781 per sq meter (£351 per sq foot).
The average size of a house on NORTHGATE STREET is 85 sq meters (925 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Burglary | Under investigation | On or near Mark Jennings Lane |
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mark Jennings Lane |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mark Jennings Lane |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mark Jennings Lane |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Mark Jennings Lane |