£113,283
This estimated value is based upon the latest sale price for the house of £90,000 on 1 Feb 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £90,000 | 1 Feb 2018 |
| Freehold |
| Floor Area: 47 sq meters or 505 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 February 2018 the House Price Index for SUFFOLK was 118.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.871%.Applying this 25.871% change to the original purchase price of £90,000 results in an estimated price of approximately £113,283.
| 1 Feb 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 149.7 | 25.871 % | £90,000 | £23,283 | £113,283 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 20.972 % | £18,875 | £108,875 |
| 3 Month Average | 19.369 % | £17,432 | £107,432 |
| 6 Month Average | 14.078 % | £12,670 | £102,670 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2023 | £138,592 | £136,000 | 92 SILOAM PLACE |
| 13 Apr 2023 | £366,862 | £360,000 | 7 HOLYWELLS CLOSE |
| 12 Apr 2023 | £105,982 | £104,000 | 98 SILOAM PLACE |
| 6 Apr 2023 | £240,498 | £236,000 | 22 BISHOPS HILL |
| 22 Mar 2023 | £111,868 | £110,000 | 11 MYRTLE ROAD |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 14 Jul 2020. Using an estimated price of £113,284 means this house is valued at £2,410 per sq meter (£223 per sq foot).
The average size of a house on MYRTLE ROAD is 73 sq meters (794 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Myrtle Road |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Myrtle Road |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Unity Street |
| Jun 2024 | Other theft | Under investigation | On or near A1156 |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near A1156 |