£636,563
This estimated value is based upon the latest sale price for the house of £515,000 on 27 Sep 2019. This value is then adjusted by the current Official House Price Index for NORFOLK 1
There has been one burglary within the last year on or near Newmarket Road
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| Price Paid | Date |
|---|---|
| £515,000 | 27 Sep 2019 |
| £350,000 | 10 Mar 2004 |
| £175,000 | 18 Aug 2000 |
| Detached |
| Freehold |
| Floor Area: 157 sq meters or 1,689 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 September 2019 the House Price Index for NORFOLK was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £515,000 results in an estimated price of approximately £636,563.
| 27 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £515,000 | £121,563 | £636,563 |
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 | 27.098 % | £139,555 | £654,555 |
| 3 Month Average | 7.356 % | £37,882 | £552,882 |
| 6 Month Average | 8.659 % | £44,596 | £559,596 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2024 | £355,000 | £355,000 | 15 CRANLEIGH RISE |
| 15 Nov 2023 | £713,101 | £695,000 | 470 UNTHANK ROAD |
| 21 Apr 2023 | £519,721 | £510,000 | 13 PARSONS MEAD |
| 18 Nov 2022 | £398,138 | £400,000 | 23 PARSONS MEAD |
| 29 Jul 2022 | £349,502 | £346,000 | 33 PARSONS MEAD |
This house has a floor area of 157 sq meters or 1,689 sq feet when measured on 8 Jul 2019. Using an estimated price of £636,564 means this house is valued at £4,054 per sq meter (£376 per sq foot).
The average size of a house on ELVEDEN CLOSE is 198 sq meters (2,134 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Newmarket Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Newmarket Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Newmarket Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Newmarket Road |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Newmarket Road |