£44,405
This estimated value is based upon the latest sale price for the house of £30,000 on 17 Apr 2015. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £30,000 | 17 Apr 2015 |
| Terraced |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 April 2015 the House Price Index for NORFOLK was 101.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.018%.Applying this 48.018% change to the original purchase price of £30,000 results in an estimated price of approximately £44,405.
| 17 Apr 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 149.7 | 48.018 % | £30,000 | £14,405 | £44,405 |
The Postcode Pricing Model uses changes in average sales price within the IP24 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 | 12.484 % | £3,745 | £33,745 |
| 3 Month Average | 33.729 % | £10,118 | £40,118 |
| 6 Month Average | 43.229 % | £12,968 | £42,968 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £149,393 | £146,000 | 62 SPINDLE DRIVE |
| 9 Jun 2023 | £191,845 | £188,000 | 19 YARROW CLOSE |
| 31 Jan 2023 | £152,407 | £152,000 | 19 SPINDLE DRIVE |
| 7 Sep 2022 | £137,908 | £138,000 | 42 SPINDLE DRIVE |
| 20 May 2022 | £338,827 | £330,000 | 4 GEORGE ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 24 Jun 2014. Using an estimated price of £44,405 means this house is valued at £740 per sq meter (£68 per sq foot).
The average size of a house on SPINDLE DRIVE is 76 sq meters (827 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Spindle Drive |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spindle Drive |
| Aug 2024 | Anti-social behaviour | On or near Sycamore Covert | |
| Aug 2024 | Anti-social behaviour | On or near Sycamore Covert | |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coltsfoot Way |