£129,578
This estimated value is based upon the latest sale price for the house of £107,000 on 2 Jun 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £107,000 | 2 Jun 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 99 sq meters or 1,065 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 2020 the House Price Index for SUFFOLK was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £107,000 results in an estimated price of approximately £129,578.
| 2 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £107,000 | £22,578 | £129,578 |
The Postcode Pricing Model uses changes in average sales price within the NR33 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 | 1.621 % | £1,734 | £108,734 |
| 3 Month Average | 17.402 % | £18,619 | £125,619 |
| 6 Month Average | 24.037 % | £25,719 | £132,719 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £100,951 | £100,000 | FLAT 6 VICTORIA HOUSE ESPLANADE |
| 31 Mar 2023 | £100,951 | £100,000 | FLAT 1 VICTORIA HOUSE ESPLANADE |
| 31 Mar 2023 | £100,951 | £100,000 | FLAT 5 VICTORIA HOUSE ESPLANADE |
| 31 Mar 2023 | £100,951 | £100,000 | FLAT 4 VICTORIA HOUSE ESPLANADE |
| 28 Feb 2023 | £99,933 | £100,000 | FLAT 1 32 MARINE PARADE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 14 Sep 2021. Using an estimated price of £129,579 means this house is valued at £1,308 per sq meter (£121 per sq foot).
There is one other house on the street which we know the size of, this is FLAT 2 GRESHAM HOUSE ESPLANADE it is 45.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other crime | Under investigation | On or near Victoria Terrace |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Victoria Terrace |
| Mar 2024 | Anti-social behaviour | On or near Victoria Terrace | |
| Mar 2024 | Anti-social behaviour | On or near Victoria Terrace | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Terrace |