£254,475
This estimated value is based upon the latest sale price for the house of £149,500 on 26 Jul 2012. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £149,500 | 26 Jul 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 833 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 July 2012 the House Price Index for SUFFOLK was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.218%.Applying this 70.218% change to the original purchase price of £149,500 results in an estimated price of approximately £254,475.
| 26 Jul 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.218 % | £149,500 | £104,975 | £254,475 |
The Postcode Pricing Model uses changes in average sales price within the IP32 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 | 24.759 % | £37,014 | £186,514 |
| 3 Month Average | 21.052 % | £31,473 | £180,973 |
| 6 Month Average | 49.866 % | £74,549 | £224,049 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £300,253 | £295,000 | 42 PHILIP ROAD |
| 4 Dec 2023 | £254,452 | £250,000 | 59 GLOUCESTER ROAD |
| 20 Sep 2023 | £212,720 | £210,000 | 69 GLOUCESTER ROAD |
| 2 Jun 2023 | £242,943 | £240,000 | 16 LANCASTER AVENUE |
| 12 Apr 2023 | £250,699 | £248,000 | 48 TOLLGATE LANE |
This house has a floor area of 77 sq meters or 833 sq feet when measured on 5 Jan 2012. Using an estimated price of £254,476 means this house is valued at £3,288 per sq meter (£305 per sq foot).
The average size of a house on LANCASTER AVENUE is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Lancaster Avenue | |
| Feb 2024 | Anti-social behaviour | On or near Lancaster Avenue | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lancaster Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lancaster Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Tollgate Lane |