£310,906
This estimated value is based upon the latest sale price for the house of £90,995 on 28 Jun 2001. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £90,995 | 28 Jun 2001 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 613 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 June 2001 the House Price Index for SUFFOLK was 43.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 241.675%.Applying this 241.675% change to the original purchase price of £90,995 results in an estimated price of approximately £310,906.
| 28 Jun 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.8 | 149.7 | 241.675 % | £90,995 | £219,911 | £310,906 |
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 | 172.318 % | £156,800 | £247,795 |
| 3 Month Average | 183.983 % | £167,415 | £258,410 |
| 6 Month Average | 217.668 % | £198,066 | £289,061 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £264,057 | £260,000 | 55 FEN WAY |
| 7 Dec 2023 | £428,156 | £415,000 | 20 MYRTLE CLOSE |
| 17 Nov 2023 | £241,121 | £235,000 | 23 SPRINGFIELD AVENUE |
| 30 Jun 2023 | £352,055 | £345,000 | 50 FEN WAY |
| 21 Apr 2023 | £282,789 | £277,500 | 3 SPRING LANE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 19 Feb 2020. Using an estimated price of £310,907 means this house is valued at £5,454 per sq meter (£506 per sq foot).
The average size of a house on SPRING LANE is 79 sq meters (851 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Willow Way |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Willow Way |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Willow Way |
| Apr 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Willow Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springfield Avenue |