£187,514
This estimated value is based upon the latest sale price for the house of £109,000 on 18 Mar 2011. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £109,000 | 18 Mar 2011 |
| £106,500 | 14 Nov 2006 |
| £34,500 | 10 Sep 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 March 2011 the House Price Index for SUFFOLK was 86.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.032%.Applying this 72.032% change to the original purchase price of £109,000 results in an estimated price of approximately £187,514.
| 18 Mar 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.4 | 148.6 | 72.032 % | £109,000 | £78,514 | £187,514 |
The Postcode Pricing Model uses changes in average sales price within the IP33 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 | 60.030 % | £65,433 | £174,433 |
| 3 Month Average | 54.578 % | £59,490 | £168,490 |
| 6 Month Average | 58.339 % | £63,589 | £172,589 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £1,361,914 | £1,350,000 | OAKES HOUSE GROVE ROAD |
| 14 Aug 2023 | £825,219 | £818,000 | 1 GROVE ROAD |
| 26 Jun 2023 | £361,884 | £357,500 | 1 OUT RISBYGATE |
| 22 Jun 2022 | £332,195 | £327,500 | 18 GROVE ROAD |
| 31 Mar 2022 | £350,257 | £338,000 | 3 OUT RISBYGATE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 26 Jul 2013. Using an estimated price of £187,515 means this house is valued at £2,467 per sq meter (£229 per sq foot).
The average size of a house on SPRING LANE is 100 sq meters (1,082 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Chalk Road (North) | |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Chalk Road (North) |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Chalk Road (North) |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Supermarket |
| Mar 2024 | Drugs | Under investigation | On or near Supermarket |