£1,447,266
This estimated value is based upon the latest sale price for the house of £415,000 on 11 Apr 2001. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £415,000 | 11 Apr 2001 |
| Detached |
| Freehold |
| Floor Area: 42 sq meters or 452 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 April 2001 the House Price Index for NORFOLK was 42.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 248.739%.Applying this 248.739% change to the original purchase price of £415,000 results in an estimated price of approximately £1,447,266.
| 11 Apr 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.9 | 149.7 | 248.739 % | £415,000 | £1,032,266 | £1,447,266 |
The Postcode Pricing Model uses changes in average sales price within the NR4 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 | 235.181 % | £976,001 | £1,391,001 |
| 3 Month Average | 244.561 % | £1,014,926 | £1,429,926 |
| 6 Month Average | 210.989 % | £875,606 | £1,290,606 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £943,191 | £935,000 | 2 COLNEY DRIVE |
| 5 Mar 2024 | £391,007 | £385,000 | 15 NEWMARKET ROAD |
| 6 Apr 2023 | £647,103 | £635,000 | 9 KESWICK ROAD |
| 4 Aug 2022 | £452,114 | £450,000 | 6 THE RIDINGS |
| 6 Apr 2022 | £389,033 | £375,000 | 10 THE RIDINGS |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 14 May 2014. Using an estimated price of £1,447,267 means this house is valued at £34,458 per sq meter (£3,201 per sq foot).
There is one other house on the street which we know the size of, this is 2 COLNEY DRIVE it is 137.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Colney Drive |
| May 2024 | Drugs | Local resolution | On or near Colney Drive |
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Freesia Way |
| Jun 2024 | Possession of weapons | Unable to prosecute suspect | On or near Freesia Way |
| Jun 2024 | Other crime | Under investigation | On or near Gilbert Way |