£587,961
This estimated value is based upon the latest sale price for the house of £575,000 on 15 Sep 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £575,000 | 15 Sep 2023 |
| £340,000 | 12 Oct 2009 |
| Detached |
| Freehold |
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 September 2023 the House Price Index for SUFFOLK was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £575,000 results in an estimated price of approximately £587,961.
| 15 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £575,000 | £12,961 | £587,961 |
The Postcode Pricing Model uses changes in average sales price within the IP31 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 | 19.077 % | £109,695 | £684,695 |
| 3 Month Average | -10.226 % | £-58,797 | £516,202 |
| 6 Month Average | -0.052 % | £-299 | £574,700 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £587,961 | £575,000 | MILL LANE COTTAGE MILL LANE |
| 4 Sep 2023 | £370,671 | £362,500 | 1 STONE COTTAGES MILL LANE |
| 9 Aug 2023 | £381,888 | £375,000 | 3 HEATH COURT |
| 28 Jun 2023 | £392,873 | £385,000 | 2 STONE COTTAGES |
| 17 Mar 2023 | £991,559 | £975,000 | 90 - 92 BARTON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Mill Lane |
| Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Mill Lane |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mill Lane |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Lane |
| Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Mill Lane |