£296,090
This estimated value is based upon the latest sale price for the house of £85,750 on 11 May 2001. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £85,750 | 11 May 2001 |
| £59,900 | 19 Mar 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 sq feet |
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 May 2001 the House Price Index for SUFFOLK was 43.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 245.295%.Applying this 245.295% change to the original purchase price of £85,750 results in an estimated price of approximately £296,090.
| 11 May 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.4 | 149.7 | 245.295 % | £85,750 | £210,340 | £296,090 |
The Postcode Pricing Model uses changes in average sales price within the IP14 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 | 257.727 % | £221,000 | £306,750 |
| 3 Month Average | 245.238 % | £210,291 | £296,041 |
| 6 Month Average | 249.201 % | £213,690 | £299,440 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2022 | £272,733 | £270,000 | 85 SPENCER WAY |
| 27 Jun 2022 | £255,461 | £250,000 | 121 SPENCER WAY |
| 7 Feb 2022 | £247,211 | £234,000 | 93 SPENCER WAY |
| 20 Dec 2021 | £264,430 | £245,000 | 75 SPENCER WAY |
| 30 Sep 2021 | £293,104 | £270,000 | 134 SPENCER WAY |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 15 May 2014. Using an estimated price of £296,090 means this house is valued at £4,170 per sq meter (£387 per sq foot).
The average size of a house on SPENCER WAY is 78 sq meters (845 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Spencer Way |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Spencer Way |
| Jul 2024 | Anti-social behaviour | On or near Spencer Way | |
| Jul 2024 | Anti-social behaviour | On or near Spencer Way | |
| Jul 2024 | Anti-social behaviour | On or near Spencer Way |