£234,224
This estimated value is based upon the latest sale price for the house of £230,000 on 4 Aug 2023. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £230,000 | 4 Aug 2023 |
| £182,000 | 5 Apr 2007 |
| £55,000 | 13 Jul 1998 |
| Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 August 2023 the House Price Index for NORFOLK was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £230,000 results in an estimated price of approximately £234,224.
| 4 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £230,000 | £4,224 | £234,224 |
The Postcode Pricing Model uses changes in average sales price within the NR17 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 | -11.113 % | £-25,560 | £204,439 |
| 3 Month Average | -7.725 % | £-17,768 | £212,231 |
| 6 Month Average | -8.119 % | £-18,674 | £211,325 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £248,823 | £245,000 | 5 MILLERS SQUARE |
| 27 Oct 2023 | £196,462 | £192,000 | 3 ASH TREE CLOSE |
| 29 Sep 2023 | £286,311 | £280,000 | 1 SHORT ROAD |
| 18 Aug 2023 | £249,500 | £245,000 | 1 CHERRY ROW |
| 4 Aug 2023 | £234,224 | £230,000 | 12 CHAPEL ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 30 Dec 2019. Using an estimated price of £234,224 means this house is valued at £3,081 per sq meter (£286 per sq foot).
The average size of a house on CHAPEL ROAD is 87 sq meters (941 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chapel Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chapel Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chapel Road |
| Jun 2024 | Vehicle crime | Under investigation | On or near Chapel Road |
| Sep 2024 | Anti-social behaviour | On or near Millers Square |