£285,325
This estimated value is based upon the latest sale price for the house of £166,000 on 3 Apr 2012. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £166,000 | 3 Apr 2012 |
| £63,500 | 30 Apr 1998 |
| Detached |
| 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 April 2012 the House Price Index for SUFFOLK was 87.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.883%.Applying this 71.883% change to the original purchase price of £166,000 results in an estimated price of approximately £285,325.
| 3 Apr 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 149.7 | 71.883 % | £166,000 | £119,325 | £285,325 |
The Postcode Pricing Model uses changes in average sales price within the IP14 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 | 89.968 % | £149,346 | £315,346 |
| 3 Month Average | 70.141 % | £116,434 | £282,434 |
| 6 Month Average | 79.573 % | £132,090 | £298,090 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £254,246 | £250,000 | 24 SHELLEY CLOSE |
| 22 Jul 2022 | £241,419 | £239,000 | 12 ELMSETT CLOSE |
| 18 Jul 2022 | £180,812 | £179,000 | 107 MELFORD ROAD |
| 23 Mar 2022 | £229,665 | £220,000 | 8 ELMSETT CLOSE |
| 16 Feb 2022 | £311,655 | £295,000 | 81 MELFORD ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 9 Feb 2012. Using an estimated price of £285,325 means this house is valued at £3,242 per sq meter (£301 per sq foot).
The average size of a house on MELFORD ROAD is 66 sq meters (716 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Needham Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Needham Road |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Needham Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hessett Close |
| Aug 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hessett Close |