£248,542
This estimated value is based upon the latest sale price for the house of £200,000 on 7 Dec 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £200,000 | 7 Dec 2018 |
| £145,000 | 22 Dec 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 December 2018 the House Price Index for SUFFOLK was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £200,000 results in an estimated price of approximately £248,542.
| 7 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £200,000 | £48,542 | £248,542 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 25.183 % | £50,365 | £250,365 |
| 3 Month Average | 13.599 % | £27,197 | £227,197 |
| 6 Month Average | 9.788 % | £19,576 | £219,576 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £266,772 | £260,000 | 31 MARGATE ROAD |
| 14 Mar 2023 | £249,161 | £245,000 | 459 FELIXSTOWE ROAD |
| 10 Feb 2023 | £332,219 | £330,000 | 25 RAMSGATE DRIVE |
| 8 Apr 2022 | £217,859 | £210,000 | 3 REIGATE CLOSE |
| 25 Mar 2022 | £354,937 | £340,000 | 57 RAMSGATE DRIVE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 10 Apr 2014. Using an estimated price of £248,542 means this house is valued at £2,588 per sq meter (£240 per sq foot).
The average size of a house on RAMSGATE DRIVE is 89 sq meters (963 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Reigate Close |
| Oct 2024 | Vehicle crime | Under investigation | On or near Ascot Drive |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Ascot Drive |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Ascot Drive |
| Aug 2024 | Possession of weapons | Awaiting court outcome | On or near Ascot Drive |