£388,913
This estimated value is based upon the latest sale price for the house of £225,000 on 12 Aug 2011. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £225,000 | 12 Aug 2011 |
| Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 August 2011 the House Price Index for NORFOLK was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.850%.Applying this 72.850% change to the original purchase price of £225,000 results in an estimated price of approximately £388,913.
| 12 Aug 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.850 % | £225,000 | £163,913 | £388,913 |
The Postcode Pricing Model uses changes in average sales price within the PE38 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 | 109.875 % | £247,218 | £472,218 |
| 3 Month Average | 58.527 % | £131,686 | £356,686 |
| 6 Month Average | 54.032 % | £121,572 | £346,572 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £353,089 | £350,000 | 57 GREENWICH CLOSE |
| 24 Apr 2023 | £305,793 | £302,500 | 8 HAREBELL ROAD |
| 14 Apr 2023 | £404,354 | £400,000 | OSPREY HAREBELL ROAD |
| 28 Feb 2023 | £314,788 | £315,000 | 31 GREENWICH CLOSE |
| 10 Feb 2023 | £439,704 | £440,000 | 30 GREENWICH CLOSE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 28 Jun 2015. Using an estimated price of £388,913 means this house is valued at £5,185 per sq meter (£481 per sq foot).
The average size of a house on FLAX CLOSE is 119 sq meters (1,291 sq feet).
This house is the smallest in the street with a floor area of 75 sq meters (807 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Palmer Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Palmer Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near West Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near West Way |
| Mar 2024 | Other theft | Under investigation | On or near Russell Close |