£295,811
This estimated value is based upon the latest sale price for the house of £240,000 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £240,000 | 21 Feb 2020 |
| £150,000 | 17 Sep 2009 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 February 2020 the House Price Index for SUFFOLK was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £240,000 results in an estimated price of approximately £295,811.
| 21 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £240,000 | £55,811 | £295,811 |
The Postcode Pricing Model uses changes in average sales price within the NR32 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 | 24.749 % | £59,397 | £299,397 |
| 3 Month Average | 16.307 % | £39,136 | £279,136 |
| 6 Month Average | 24.670 % | £59,208 | £299,208 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 May 2024 | £265,000 | £265,000 | 2 REYNOLDS WALK |
| 12 Mar 2024 | £281,322 | £277,000 | 14 GAINSBOROUGH DRIVE |
| 2 Sep 2022 | £314,790 | £315,000 | 52 GAINSBOROUGH DRIVE |
| 11 May 2022 | £272,088 | £265,000 | 5 TURNER CLOSE |
| 7 Jan 2022 | £296,856 | £280,000 | 4 REYNOLDS WALK |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 23 Aug 2018. Using an estimated price of £295,811 means this house is valued at £3,841 per sq meter (£356 per sq foot).
The average size of a house on SPENCER DRIVE is 113 sq meters (1,223 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Lowry Way |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Stubbs Wood |
| Oct 2024 | Anti-social behaviour | On or near West Side Close | |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near West Side Close |
| Sep 2024 | Burglary | Awaiting court outcome | On or near Priors Close |