£144,593
This estimated value is based upon the latest sale price for the house of £117,000 on 11 Dec 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £117,000 | 11 Dec 2019 |
| £100,000 | 30 May 2014 |
| £75,000 | 15 May 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 2019 the House Price Index for SUFFOLK was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £117,000 results in an estimated price of approximately £144,593.
| 11 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £117,000 | £27,593 | £144,593 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 20.232 % | £23,671 | £140,671 |
| 3 Month Average | 5.539 % | £6,480 | £123,480 |
| 6 Month Average | 0.275 % | £321 | £117,321 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2023 | £138,592 | £136,000 | 92 SILOAM PLACE |
| 12 Apr 2023 | £105,982 | £104,000 | 98 SILOAM PLACE |
| 22 Mar 2023 | £111,868 | £110,000 | 11 MYRTLE ROAD |
| 11 Jan 2023 | £114,305 | £114,000 | 59 SILOAM PLACE |
| 18 Nov 2022 | £107,995 | £108,500 | 104 SILOAM PLACE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 6 Mar 2019. Using an estimated price of £144,594 means this house is valued at £2,450 per sq meter (£227 per sq foot).
The average size of a house on SILOAM PLACE is 62 sq meters (676 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Tye Road | |
| Jun 2024 | Anti-social behaviour | On or near Tye Road | |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Tye Road |
| May 2024 | Possession of weapons | Unable to prosecute suspect | On or near Tye Road |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Unity Street |