£273,819
This estimated value is based upon the latest sale price for the house of £220,000 on 17 Jun 2019. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £220,000 | 17 Jun 2019 |
| £57,000 | 15 Mar 1996 |
| Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 June 2019 the House Price Index for NORFOLK was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £220,000 results in an estimated price of approximately £273,819.
| 17 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £220,000 | £53,819 | £273,819 |
The Postcode Pricing Model uses changes in average sales price within the NR21 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 | -4.810 % | £-10,582 | £209,417 |
| 3 Month Average | 8.208 % | £18,057 | £238,057 |
| 6 Month Average | 21.281 % | £46,818 | £266,818 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £310,000 | £310,000 | 45 SALMONS WAY |
| 19 Dec 2023 | £185,706 | £180,000 | 9B GEORGE EDWARDS ROAD |
| 29 Jun 2023 | £338,789 | £332,000 | 37 SALMONS WAY |
| 14 Jun 2022 | £204,369 | £200,000 | 36 SMITHS LANE |
| 13 Sep 2021 | £341,954 | £315,000 | 51 SALMONS WAY |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 18 May 2019. Using an estimated price of £273,819 means this house is valued at £2,535 per sq meter (£235 per sq foot).
The average size of a house on SMITHS LANE is 124 sq meters (1,337 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Offender given a caution | On or near Townshend Green North |
| Jun 2024 | Anti-social behaviour | On or near George Edwards Road | |
| Jun 2024 | Anti-social behaviour | On or near George Edwards Road | |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Wymans Way |
| Jul 2024 | Anti-social behaviour | On or near Nightingale Close |