£286,586
This estimated value is based upon the latest sale price for the house of £184,000 on 16 May 2014. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £184,000 | 16 May 2014 |
| £169,000 | 25 Feb 2011 |
| £173,000 | 22 Dec 2005 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 May 2014 the House Price Index for NORFOLK was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £184,000 results in an estimated price of approximately £286,586.
| 16 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £184,000 | £102,586 | £286,586 |
The Postcode Pricing Model uses changes in average sales price within the NR3 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 | 70.444 % | £129,617 | £313,617 |
| 3 Month Average | 52.991 % | £97,504 | £281,504 |
| 6 Month Average | 50.566 % | £93,041 | £277,041 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Oct 2023 | £168,835 | £165,000 | 25 HEMMING WAY |
| 6 Jun 2023 | £260,215 | £255,000 | 13 HEMMING WAY |
| 4 Oct 2022 | £244,184 | £245,000 | 7 CUTTERS ROW |
| 7 Sep 2022 | £264,823 | £265,000 | 11 HEMMING WAY |
| 8 Jul 2022 | £270,713 | £268,000 | 17 HAVERS ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 19 Feb 2014. Using an estimated price of £286,586 means this house is valued at £2,985 per sq meter (£277 per sq foot).
The average size of a house on HEMMING WAY is 100 sq meters (1,084 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Bobbin Road | |
| Aug 2024 | Anti-social behaviour | On or near Bobbin Road | |
| Jun 2024 | Anti-social behaviour | On or near Bobbin Road | |
| Jun 2024 | Anti-social behaviour | On or near Bobbin Road | |
| Jun 2024 | Anti-social behaviour | On or near Bobbin Road |