£497,631
This estimated value is based upon the latest sale price for the house of £485,000 on 10 Nov 2023. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £485,000 | 10 Nov 2023 |
| £285,000 | 6 Jan 2012 |
| £246,500 | 19 Oct 2007 |
| £190,000 | 3 Oct 2003 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,146 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 November 2023 the House Price Index for NORFOLK was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £485,000 results in an estimated price of approximately £497,631.
| 10 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £485,000 | £12,631 | £497,631 |
The Postcode Pricing Model uses changes in average sales price within the NR4 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 | 5.350 % | £25,947 | £510,947 |
| 3 Month Average | 11.346 % | £55,030 | £540,030 |
| 6 Month Average | 12.889 % | £62,509 | £547,509 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £294,035 | £285,000 | 17 WAKEHURST CLOSE |
| 10 Nov 2023 | £497,632 | £485,000 | 1 PENSHURST MEWS |
| 5 Jun 2023 | £324,503 | £318,000 | 51 WAKEHURST CLOSE |
| 14 Apr 2023 | £249,670 | £245,000 | 41 WAKEHURST CLOSE |
| 31 May 2022 | £405,566 | £395,000 | 72 GREENWAYS |
This house has a floor area of 106 sq meters or 1,146 sq feet when measured on 2 Sep 2011. Using an estimated price of £497,632 means this house is valued at £4,670 per sq meter (£433 per sq foot).
The average size of a house on PENSHURST MEWS is 114 sq meters (1,227 sq feet).
This house is the largest in the street with a floor area of 106 sq meters (1,146 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Local resolution | On or near Cheyham Mount |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Parsons Mead |
| Sep 2024 | Anti-social behaviour | On or near Brentwood | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brentwood |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Turnberry |