£116,130
This estimated value is based upon the latest sale price for the house of £77,000 on 31 Oct 2014. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £77,000 | 31 Oct 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in October 2014 the House Price Index for NORFOLK was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £77,000 results in an estimated price of approximately £116,130.
| 31 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £77,000 | £39,130 | £116,130 |
The Postcode Pricing Model uses changes in average sales price within the NR27 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 | 61.348 % | £47,237 | £124,237 |
| 3 Month Average | 83.828 % | £64,547 | £141,547 |
| 6 Month Average | 50.657 % | £39,005 | £116,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £288,877 | £280,000 | MOGS COTTAGE ST MARGARETS LANE |
| 27 Oct 2023 | £79,301 | £77,500 | FLAT 4 KENTFORD HOUSE, 9 - 11 CHURCH STREET |
| 24 Apr 2023 | £733,724 | £720,000 | 3 ST MARGARETS ROAD |
| 18 Oct 2022 | £528,236 | £530,000 | 3 NORWICH ROAD |
| 12 Aug 2022 | £195,916 | £195,000 | 5D CHURCH STREET |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 15 Jan 2013. Using an estimated price of £116,131 means this house is valued at £2,470 per sq meter (£229 per sq foot).
The average size of a house on NORWICH ROAD is 103 sq meters (1,113 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Margaret'S Lane |
| May 2024 | Vehicle crime | Under investigation | On or near St Margaret'S Road |
| May 2024 | Anti-social behaviour | On or near St Margaret'S Road | |
| May 2024 | Anti-social behaviour | On or near St Margaret'S Road | |
| May 2024 | Anti-social behaviour | On or near St Margaret'S Road |