£323,160
This estimated value is based upon the latest sale price for the house of £187,500 on 25 Nov 2011. This value is then adjusted by the current Official House Price Index for NORFOLK 1
There has been one burglary within the last year on or near The Gangway
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Price Paid | Date |
---|---|
£187,500 | 25 Nov 2011 |
£144,950 | 4 Oct 2002 |
£100,000 | 23 Feb 2001 |
Terraced |
Freehold |
Floor Area: 52 sq meters or 568 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in November 2011 the House Price Index for NORFOLK was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.352%.Applying this 72.352% change to the original purchase price of £187,500 results in an estimated price of approximately £323,160.
25 Nov 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 148.6 | 72.352 % | £187,500 | £135,660 | £323,160 |
The Postcode Pricing Model uses changes in average sales price within the NR27 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 | 65.714 % | £123,213 | £310,713 |
3 Month Average | 54.810 % | £102,769 | £290,269 |
6 Month Average | 50.752 % | £95,160 | £282,660 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £307,044 | £301,672 | 29A CHURCH STREET |
15 Nov 2023 | £406,011 | £400,000 | 24 MERCHANTS COURT |
18 Aug 2023 | £74,653 | £74,000 | FLAT 2 NEW PARADE |
24 Jul 2023 | £73,996 | £73,000 | FLAT 9 KENTFORD HOUSE, 9 - 11 CHURCH STREET |
7 Jul 2023 | £324,366 | £320,000 | 1 CHURCH STREET |
This house has a floor area of 52 sq meters or 568 sq feet when measured on 24 Aug 2011. Using an estimated price of £323,161 means this house is valued at £6,118 per sq meter (£568 per sq foot).
The average size of a house on MERCHANTS COURT is 82 sq meters (890 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (568 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Burglary | Awaiting court outcome | On or near The Gangway |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near The Gangway |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Gangway |
Apr 2024 | Anti-social behaviour | On or near Brook Street | |
Apr 2024 | Anti-social behaviour | On or near Brook Street |