£247,099
This estimated value is based upon the latest sale price for the house of £214,000 on 13 Nov 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £214,000 | 13 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 November 2020 the House Price Index for SUFFOLK was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £214,000 results in an estimated price of approximately £247,099.
| 13 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £214,000 | £33,099 | £247,099 |
The Postcode Pricing Model uses changes in average sales price within the NR34 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 | -32.281 % | £-69,080 | £144,919 |
| 3 Month Average | -5.249 % | £-11,233 | £202,766 |
| 6 Month Average | 7.243 % | £15,500 | £229,500 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2023 | £203,601 | £202,500 | 82 GROVE ROAD |
| 10 Nov 2022 | £385,745 | £392,000 | 41 GROVE ROAD |
| 6 Jul 2022 | £489,339 | £490,000 | 1 LEWIS WALK |
| 30 Mar 2022 | £240,990 | £233,500 | 101 GROVE ROAD |
| 10 Mar 2022 | £448,954 | £435,000 | 87 GROVE ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 29 Jul 2020. Using an estimated price of £247,100 means this house is valued at £2,807 per sq meter (£260 per sq foot).
The average size of a house on COMMON LANE is 101 sq meters (1,087 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Goose Green East |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Goose Green East |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Common Lane |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Goose Green West |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |