£499,292
This estimated value is based upon the latest sale price for the house of £427,500 on 5 Nov 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£427,500 | 5 Nov 2020 |
£250,000 | 14 Oct 2011 |
Detached |
Freehold |
Floor Area: 113 sq meters or 1,216 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 November 2020 the House Price Index for SUFFOLK was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £427,500 results in an estimated price of approximately £499,292.
5 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 149.7 | 16.794 % | £427,500 | £71,792 | £499,292 |
The Postcode Pricing Model uses changes in average sales price within the IP33 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 | 2.035 % | £8,701 | £436,201 |
3 Month Average | -13.488 % | £-57,660 | £369,839 |
6 Month Average | -1.857 % | £-7,940 | £419,559 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £307,672 | £305,000 | 9 HOME FARM LANE |
6 Mar 2024 | £284,369 | £280,000 | 32 FALLOWFIELD WALK |
17 Nov 2023 | £867,008 | £845,000 | 92 HOME FARM LANE |
9 Feb 2023 | £322,152 | £320,000 | 22 HICKLING DRIVE |
22 Jul 2022 | £267,682 | £265,000 | 14 FALLOWFIELD WALK |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 2 Sep 2011. Using an estimated price of £499,292 means this house is valued at £4,416 per sq meter (£410 per sq foot).
The average size of a house on HOME FARM LANE is 162 sq meters (1,746 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Home Farm Lane | |
Jun 2024 | Anti-social behaviour | On or near Home Farm Lane | |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Redwing Road |
Jun 2024 | Criminal damage and arson | Under investigation | On or near Redwing Road |
May 2024 | Public order | Local resolution | On or near Redwing Road |