£379,962
This estimated value is based upon the latest sale price for the house of £320,000 on 25 Sep 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£320,000 | 25 Sep 2020 |
Detached |
Freehold |
Floor Area: 126 sq meters or 1,356 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 September 2020 the House Price Index for SUFFOLK was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £320,000 results in an estimated price of approximately £379,962.
25 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
125.1 | 148.6 | 18.738 % | £320,000 | £59,962 | £379,962 |
The Postcode Pricing Model uses changes in average sales price within the NR32 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 | -58.195 % | £-186,225 | £133,774 |
3 Month Average | 27.106 % | £86,739 | £406,739 |
6 Month Average | 19.204 % | £61,452 | £381,452 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £93,316 | £92,500 | 7 SOUTH LEET CLOSE |
31 Jul 2023 | £283,820 | £280,000 | 25 FARRER DRIVE |
24 Jun 2022 | £273,870 | £270,000 | 23 HOBART WAY |
6 May 2022 | £269,070 | £264,000 | 33 FARRER DRIVE |
31 Mar 2022 | £214,506 | £207,000 | 4 MOLEYNS CLOSE |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 26 Mar 2020. Using an estimated price of £379,962 means this house is valued at £3,015 per sq meter (£280 per sq foot).
The average size of a house on FARRER DRIVE is 92 sq meters (993 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Vallibus Close |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stayngate Walk |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Pritchard Close |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Houghton Drive |
Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Pritchard Close |