£266,653
This estimated value is based upon the latest sale price for the house of £218,000 on 22 May 2020. This value is then adjusted by the current Official House Price Index for WREKIN 1
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| Price Paid | Date |
|---|---|
| £218,000 | 22 May 2020 |
| £112,000 | 31 May 2001 |
| £89,995 | 28 Apr 2000 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for WREKIN to estimate the market value.
When this house was purchased in May 2020 the House Price Index for WREKIN was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.318%.Applying this 22.318% change to the original purchase price of £218,000 results in an estimated price of approximately £266,653.
| 22 May 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.318 % | £218,000 | £48,653 | £266,653 |
The Postcode Pricing Model uses changes in average sales price within the TF1 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 | 8.055 % | £17,559 | £235,559 |
| 3 Month Average | 8.871 % | £19,339 | £237,339 |
| 6 Month Average | 23.103 % | £50,363 | £268,363 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £273,683 | £270,000 | 34 WARWICK WAY |
| 16 Mar 2023 | £353,329 | £350,000 | 16 HEDINGHAM ROAD |
| 13 May 2022 | £331,241 | £325,000 | 52 HEDINGHAM ROAD |
| 10 May 2022 | £300,665 | £295,000 | 63 WARWICK WAY |
| 11 Mar 2022 | £329,013 | £317,500 | 86 WARWICK WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Castle Acre Road |
| Jan 2024 | Anti-social behaviour | On or near Longthorpe Drive | |
| Jan 2024 | Anti-social behaviour | On or near Longthorpe Drive | |
| Jan 2024 | Anti-social behaviour | On or near Longthorpe Drive | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hedingham Road |