£298,046
This estimated value is based upon the latest sale price for the house of £175,000 on 31 Aug 2012. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £175,000 | 31 Aug 2012 |
| £115,000 | 23 Aug 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 August 2012 the House Price Index for SUFFOLK was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £175,000 results in an estimated price of approximately £298,046.
| 31 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.312 % | £175,000 | £123,046 | £298,046 |
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 | 87.919 % | £153,857 | £328,857 |
| 3 Month Average | 70.865 % | £124,013 | £299,013 |
| 6 Month Average | 58.670 % | £102,672 | £277,672 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jul 2022 | £263,710 | £263,000 | 4 MEDWAY ROAD |
| 14 Apr 2022 | £329,536 | £320,000 | 18 CLAPGATE LANE |
| 16 Sep 2021 | £344,830 | £320,000 | 34 CLAPGATE LANE |
| 10 Sep 2021 | £323,278 | £300,000 | 1 MEDWAY ROAD |
| 7 Dec 2020 | £319,064 | £278,000 | 94 SEVERN ROAD |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 23 Mar 2012. Using an estimated price of £298,047 means this house is valued at £2,922 per sq meter (£271 per sq foot).
The average size of a house on SEVERN ROAD is 110 sq meters (1,186 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Wye Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Wye Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Trent Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Trent Road |
| Feb 2024 | Other theft | Under investigation | On or near Powling Road |