£277,555
This estimated value is based upon the latest sale price for the house of £225,000 on 10 Dec 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £225,000 | 10 Dec 2018 |
| £150,000 | 19 Feb 2013 |
| £145,000 | 6 Jun 2007 |
| £79,500 | 7 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 December 2018 the House Price Index for SUFFOLK was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £225,000 results in an estimated price of approximately £277,555.
| 10 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £225,000 | £52,555 | £277,555 |
The Postcode Pricing Model uses changes in average sales price within the IP17 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 | -8.659 % | £-19,481 | £205,518 |
| 3 Month Average | -8.720 % | £-19,621 | £205,378 |
| 6 Month Average | 4.227 % | £9,511 | £234,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jun 2023 | £227,759 | £225,000 | 93 LINCOLN AVENUE |
| 14 Apr 2023 | £313,374 | £310,000 | 41 GILBERT ROAD |
| 24 Nov 2022 | £217,367 | £220,000 | 3 FRANKLIN ROAD |
| 28 Oct 2022 | £281,964 | £285,000 | 41 FRANKLIN ROAD |
| 5 Aug 2022 | £299,190 | £299,995 | 62 FRANKLIN ROAD |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 24 Aug 2017. Using an estimated price of £277,555 means this house is valued at £2,618 per sq meter (£243 per sq foot).
The average size of a house on LINCOLN AVENUE is 121 sq meters (1,308 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Lincoln Avenue |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Lincoln Avenue |
| Feb 2024 | Public order | Action to be taken by another organisation | On or near Lincoln Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lincoln Avenue |
| Jan 2024 | Public order | Action to be taken by another organisation | On or near Lincoln Avenue |