£233,430
This estimated value is based upon the latest sale price for the house of £50,000 on 5 Nov 1998. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £50,000 | 5 Nov 1998 |
| Terraced |
| Freehold |
| Floor Area: 32 sq meters or 348 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 November 1998 the House Price Index for SUFFOLK was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.861%.Applying this 366.861% change to the original purchase price of £50,000 results in an estimated price of approximately £233,430.
| 5 Nov 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.861 % | £50,000 | £183,430 | £233,430 |
The Postcode Pricing Model uses changes in average sales price within the NR33 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 | 373.774 % | £186,887 | £236,887 |
| 3 Month Average | 411.422 % | £205,710 | £255,710 |
| 6 Month Average | 402.694 % | £201,346 | £251,346 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Apr 2024 | £181,577 | £180,000 | FLAT 2 344 LONDON ROAD SOUTH |
| 1 Nov 2023 | £230,860 | £225,000 | FLAT 18 KINGSWEAR COURT RECTORY ROAD |
| 31 Aug 2022 | £241,128 | £240,000 | 333 LONDON ROAD SOUTH |
| 29 Jul 2022 | £696,984 | £690,000 | 23 KIRKLEY CLIFF ROAD |
| 20 Jul 2022 | £348,492 | £345,000 | 379 LONDON ROAD SOUTH |
This house has a floor area of 32 sq meters or 348 sq feet when measured on 15 Jun 2010. Using an estimated price of £233,431 means this house is valued at £7,204 per sq meter (£669 per sq foot).
The average size of a house on LONDON ROAD SOUTH is 125 sq meters (1,350 sq feet).