£729,267
This estimated value is based upon the latest sale price for the house of £565,000 on 14 Jun 2017. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £565,000 | 14 Jun 2017 |
| £350,000 | 4 Apr 2008 |
| £80,000 | 22 Sep 1997 |
| Detached |
| Freehold |
| Floor Area: 195 sq meters or 2,098 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 2017 the House Price Index for NORFOLK was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £565,000 results in an estimated price of approximately £729,267.
| 14 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £565,000 | £164,267 | £729,267 |
The Postcode Pricing Model uses changes in average sales price within the NR25 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 | 52.932 % | £299,065 | £864,065 |
| 3 Month Average | 10.866 % | £61,393 | £626,393 |
| 6 Month Average | 30.557 % | £172,647 | £737,647 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Oct 2023 | £767,430 | £750,000 | 3 LAUREL DRIVE |
| 6 Oct 2023 | £480,923 | £470,000 | 24 MEADOW CLOSE |
| 5 Oct 2023 | £136,091 | £133,000 | 10 AINSWORTH COURT GROVE LANE |
| 20 Jan 2023 | £396,058 | £395,000 | 25 MEADOW CLOSE |
| 5 Jul 2022 | £141,366 | £139,950 | 27 AINSWORTH COURT GROVE LANE |
This house has a floor area of 195 sq meters or 2,098 sq feet when measured on 16 Feb 2017. Using an estimated price of £729,268 means this house is valued at £3,739 per sq meter (£347 per sq foot).
The average size of a house on GROVE LANE is 127 sq meters (1,374 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Woodlands Close | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Ainsworth Road |
| Jul 2024 | Other crime | Unable to prosecute suspect | On or near Ainsworth Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ainsworth Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ainsworth Road |