£179,729
This estimated value is based upon the latest sale price for the house of £115,000 on 2 Nov 2007. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £115,000 | 2 Nov 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 56 sq meters or 604 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 2007 the House Price Index for SUFFOLK was 95.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.287%.Applying this 56.287% change to the original purchase price of £115,000 results in an estimated price of approximately £179,729.
| 2 Nov 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 149.7 | 56.287 % | £115,000 | £64,729 | £179,729 |
The Postcode Pricing Model uses changes in average sales price within the IP27 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 | 67.697 % | £77,851 | £192,851 |
| 3 Month Average | 51.018 % | £58,670 | £173,670 |
| 6 Month Average | 40.970 % | £47,115 | £162,115 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £194,416 | £190,000 | 34 WOOD CLOSE |
| 16 Oct 2023 | £179,067 | £175,000 | 9 MOUNT ROAD |
| 11 Aug 2023 | £183,306 | £180,000 | 15A SPRUCE DRIVE |
| 31 Jan 2023 | £165,442 | £165,000 | 33 SPRUCE DRIVE |
| 20 Jan 2023 | £135,362 | £135,000 | 20 CEDAR WAY |
This house has a floor area of 56 sq meters or 604 sq feet when measured on 11 Jun 2007. Using an estimated price of £179,730 means this house is valued at £3,199 per sq meter (£297 per sq foot).
The average size of a house on SPRUCE DRIVE is 60 sq meters (649 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Wood Close |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Wood Close |
| Aug 2024 | Possession of weapons | Unable to prosecute suspect | On or near Wood Close |
| Oct 2024 | Public order | Unable to prosecute suspect | On or near Mount Road |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Cedar Way |