£331,495
This estimated value is based upon the latest sale price for the house of £194,000 on 24 May 2010. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£194,000 | 24 May 2010 |
£79,000 | 17 Nov 1999 |
Terraced |
Freehold |
Floor Area: 78 sq meters or 840 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 May 2010 the House Price Index for SUFFOLK was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.874%.Applying this 70.874% change to the original purchase price of £194,000 results in an estimated price of approximately £331,495.
24 May 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.6 | 149.7 | 70.874 % | £194,000 | £137,495 | £331,495 |
The Postcode Pricing Model uses changes in average sales price within the IP32 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 | 115.689 % | £224,436 | £418,436 |
3 Month Average | 58.015 % | £112,548 | £306,548 |
6 Month Average | 27.504 % | £53,358 | £247,358 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £610,497 | £595,000 | 109 FORNHAM ROAD |
21 Apr 2023 | £343,423 | £337,000 | 6 AVENUE APPROACH |
30 Aug 2022 | £379,273 | £377,500 | 89 FORNHAM ROAD |
28 Jan 2022 | £917,072 | £865,000 | 113 FORNHAM ROAD |
16 Dec 2021 | £442,516 | £410,000 | 9 NORFOLK ROAD |
This house has a floor area of 78 sq meters or 840 sq feet when measured on 26 Feb 2010. Using an estimated price of £331,495 means this house is valued at £4,242 per sq meter (£394 per sq foot).
The average size of a house on FORNHAM ROAD is 116 sq meters (1,257 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Avenue Approach |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Avenue Approach |
Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Riverside Court |
Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Woodford Gardens |
Jun 2024 | Burglary | Awaiting court outcome | On or near Northgate Avenue |