£300,796
This estimated value is based upon the latest sale price for the house of £55,950 on 17 Jan 1997. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £55,950 | 17 Jan 1997 |
| Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 January 1997 the House Price Index for NORFOLK was 27.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 437.617%.Applying this 437.617% change to the original purchase price of £55,950 results in an estimated price of approximately £300,796.
| 17 Jan 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 149.7 | 437.617 % | £55,950 | £244,846 | £300,796 |
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 | 268.379 % | £150,157 | £206,107 |
| 3 Month Average | 416.228 % | £232,879 | £288,829 |
| 6 Month Average | 383.086 % | £214,336 | £270,286 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £294,525 | £290,000 | 5 ABBEYGATE |
| 24 Nov 2023 | £312,944 | £305,000 | 24 ABBEYGATE |
| 5 Sep 2023 | £409,016 | £400,000 | 29 PRIORY PARK |
| 2 Aug 2023 | £320,786 | £315,000 | 84 ST NICHOLAS STREET |
| 11 Jan 2023 | £226,605 | £226,000 | 6 ABBEY MEWS |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 3 Feb 2020. Using an estimated price of £300,797 means this house is valued at £4,699 per sq meter (£436 per sq foot).
The average size of a house on PRIORY PARK is 82 sq meters (885 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Possession of weapons | Awaiting court outcome | On or near Priory Park |
| Sep 2024 | Public order | Under investigation | On or near Thetford |
| Jul 2024 | Other theft | On or near Thetford (Station) | |
| Jul 2024 | Other theft | On or near Thetford (Station) | |
| Jun 2024 | Criminal damage and arson | On or near Thetford (Station) |