£545,700
This estimated value is based upon the latest sale price for the house of £385,000 on 27 Oct 2015. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £385,000 | 27 Oct 2015 |
| Detached |
| Freehold |
| Floor Area: 233 sq meters or 2,507 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 October 2015 the House Price Index for NORFOLK was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £385,000 results in an estimated price of approximately £545,700.
| 27 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 149.7 | 41.740 % | £385,000 | £160,700 | £545,700 |
The Postcode Pricing Model uses changes in average sales price within the NR21 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 | 49.356 % | £190,021 | £575,021 |
| 3 Month Average | 29.121 % | £112,116 | £497,116 |
| 6 Month Average | 46.137 % | £177,626 | £562,626 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £310,000 | £310,000 | 45 SALMONS WAY |
| 19 Dec 2023 | £185,706 | £180,000 | 9B GEORGE EDWARDS ROAD |
| 24 Mar 2023 | £322,892 | £317,500 | 1 SHELDRAKE CLOSE |
| 14 Jun 2022 | £204,369 | £200,000 | 36 SMITHS LANE |
| 11 Mar 2022 | £730,753 | £700,000 | 6 GEORGE EDWARDS ROAD |
This house has a floor area of 233 sq meters or 2,507 sq feet when measured on 20 Apr 2015. Using an estimated price of £545,700 means this house is valued at £2,342 per sq meter (£217 per sq foot).
The average size of a house on SMITHS LANE is 124 sq meters (1,337 sq feet).
This house is the largest in the street with a floor area of 233 sq meters (2,507 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near George Edwards Road | |
| Jun 2024 | Anti-social behaviour | On or near George Edwards Road | |
| Apr 2024 | Criminal damage and arson | Offender given a caution | On or near Townshend Green North |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Wymans Way |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Enterprise Way |