£124,374
This estimated value is based upon the latest sale price for the house of £115,000 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £115,000 | 12 Nov 2021 |
| £92,750 | 30 Apr 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 2021 the House Price Index for NORFOLK was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £115,000 results in an estimated price of approximately £124,374.
| 12 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £115,000 | £9,374 | £124,374 |
The Postcode Pricing Model uses changes in average sales price within the NR2 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 | -17.142 % | £-19,712 | £95,287 |
| 3 Month Average | -3.589 % | £-4,126 | £110,873 |
| 6 Month Average | 0.029 % | £33 | £115,033 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £129,924 | £128,000 | 85 DOLPHIN GROVE |
| 3 Nov 2023 | £223,306 | £220,000 | 97 WADDINGTON STREET |
| 21 Jul 2023 | £283,820 | £280,000 | 164 NELSON STREET |
| 6 Jul 2023 | £124,171 | £122,500 | 42 ARMES STREET |
| 3 Apr 2023 | £283,048 | £280,000 | 202 NELSON STREET |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 26 Sep 2017. Using an estimated price of £124,374 means this house is valued at £2,892 per sq meter (£268 per sq foot).
The average size of a house on ARMES STREET is 74 sq meters (799 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Edward Gambling Court |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Edward Gambling Court |
| Mar 2024 | Public order | Awaiting court outcome | On or near Watson Grove |
| Feb 2024 | Robbery | Awaiting court outcome | On or near Watson Grove |
| Feb 2024 | Drugs | Awaiting court outcome | On or near Watson Grove |