£239,097
This estimated value is based upon the latest sale price for the house of £52,000 on 11 Dec 1998. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£52,000 | 11 Dec 1998 |
£38,000 | 18 Jul 1997 |
Terraced |
Freehold |
Floor Area: 46 sq meters or 495 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 December 1998 the House Price Index for SUFFOLK was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £52,000 results in an estimated price of approximately £239,097.
11 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
32.3 | 148.6 | 359.802 % | £52,000 | £187,097 | £239,097 |
The Postcode Pricing Model uses changes in average sales price within the CO10 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 | 401.133 % | £208,589 | £260,589 |
3 Month Average | 435.478 % | £226,448 | £278,448 |
6 Month Average | 385.230 % | £200,319 | £252,319 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Aug 2023 | £453,971 | £450,000 | 11 MELFORD ROAD |
11 Aug 2023 | £388,398 | £385,000 | 32 GAINSBOROUGH ROAD |
16 Jun 2023 | £541,560 | £535,000 | 32 MELFORD ROAD |
22 Mar 2023 | £151,427 | £150,000 | 47 MELFORD ROAD |
20 May 2022 | £315,953 | £310,000 | 2 THE GORDONS GIRLING STREET |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 28 Nov 2012. Using an estimated price of £239,097 means this house is valued at £5,197 per sq meter (£482 per sq foot).
The average size of a house on MELFORD ROAD is 122 sq meters (1,314 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Drugs | Awaiting court outcome | On or near Beaconsfield Close |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Gainsborough Road |
Mar 2024 | Public order | Unable to prosecute suspect | On or near Gainsborough Road |
Mar 2024 | Public order | Unable to prosecute suspect | On or near Gainsborough Road |
Jan 2024 | Public order | Unable to prosecute suspect | On or near Gainsborough Road |