£293,715
This estimated value is based upon the latest sale price for the house of £170,000 on 3 Feb 2012. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £170,000 | 3 Feb 2012 |
| £152,000 | 27 Apr 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 2012 the House Price Index for SUFFOLK was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.774%.Applying this 72.774% change to the original purchase price of £170,000 results in an estimated price of approximately £293,715.
| 3 Feb 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.774 % | £170,000 | £123,715 | £293,715 |
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 | 67.947 % | £115,510 | £285,510 |
| 3 Month Average | 55.157 % | £93,766 | £263,766 |
| 6 Month Average | 54.430 % | £92,531 | £262,531 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £110,000 | £110,000 | FLAT 34 50 CLIFF LANE |
| 19 Apr 2024 | £100,876 | £100,000 | FLAT 21 50 CLIFF LANE |
| 5 Apr 2024 | £107,937 | £107,000 | FLAT 23 50 CLIFF LANE |
| 16 Nov 2023 | £292,423 | £285,000 | 59 CLIFF LANE |
| 10 Oct 2023 | £332,553 | £325,000 | 87 CLIFF LANE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 26 Aug 2011. Using an estimated price of £293,716 means this house is valued at £3,263 per sq meter (£303 per sq foot).
The average size of a house on CLIFF LANE is 85 sq meters (918 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Cliff Lane |
| Jul 2024 | Other theft | Under investigation | On or near Cliff Lane |
| Jul 2024 | Other theft | Under investigation | On or near Cliff Lane |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Cliff Lane |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Cliff Lane |