£1,114,575
This estimated value is based upon the latest sale price for the house of £625,000 on 24 Sep 2009. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £625,000 | 24 Sep 2009 |
| £525,000 | 15 Sep 2006 |
| Detached |
| Freehold |
| Floor Area: 260 sq meters or 2,801 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 September 2009 the House Price Index for NORFOLK was 83.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 78.332%.Applying this 78.332% change to the original purchase price of £625,000 results in an estimated price of approximately £1,114,575.
| 24 Sep 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 148.6 | 78.332 % | £625,000 | £489,575 | £1,114,575 |
The Postcode Pricing Model uses changes in average sales price within the NR2 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 | 73.073 % | £456,705 | £1,081,705 |
| 3 Month Average | 84.250 % | £526,560 | £1,151,560 |
| 6 Month Average | 86.850 % | £542,811 | £1,167,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £2,025,439 | £1,990,000 | 86 NEWMARKET ROAD |
| 29 Nov 2023 | £1,319,536 | £1,300,000 | 87 NEWMARKET ROAD |
| 15 Nov 2023 | £852,623 | £840,000 | 3A ALBEMARLE ROAD |
| 20 Sep 2023 | £821,504 | £811,000 | 3 FAIRMILE CLOSE |
| 26 Jun 2023 | £303,678 | £300,000 | 28 PLANTSMAN CLOSE |
This house has a floor area of 260 sq meters or 2,801 sq feet when measured on 8 Jun 2009. Using an estimated price of £1,114,575 means this house is valued at £4,281 per sq meter (£397 per sq foot).
The average size of a house on LIME TREE ROAD is 204 sq meters (2,205 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Offender given a caution | On or near Fairmile Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairmile Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fairmile Close |
| Feb 2024 | Other crime | Awaiting court outcome | On or near Fairmile Close |
| Feb 2024 | Anti-social behaviour | On or near Plantsman Close |