£403,122
This estimated value is based upon the latest sale price for the house of £370,000 on 26 Nov 2021. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £370,000 | 26 Nov 2021 |
| £320,000 | 4 May 2018 |
| £215,000 | 4 Feb 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2021 the House Price Index for SUFFOLK was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £370,000 results in an estimated price of approximately £403,122.
| 26 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £370,000 | £33,122 | £403,122 |
The Postcode Pricing Model uses changes in average sales price within the IP4 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 | 10.432 % | £38,598 | £408,598 |
| 3 Month Average | 20.883 % | £77,267 | £447,267 |
| 6 Month Average | -2.670 % | £-9,877 | £360,122 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £322,454 | £317,500 | 12 MELBOURNE ROAD |
| 7 Dec 2023 | £422,998 | £410,000 | 93 WOODBRIDGE ROAD EAST |
| 23 Nov 2023 | £353,986 | £345,000 | 74 MELBOURNE ROAD |
| 2 Nov 2023 | £357,064 | £348,000 | 31 MELBOURNE ROAD |
| 14 Aug 2023 | £534,643 | £525,000 | 32 MELBOURNE ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 19 Jan 2017. Using an estimated price of £403,122 means this house is valued at £3,567 per sq meter (£331 per sq foot).
The average size of a house on MELBOURNE ROAD is 106 sq meters (1,141 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Further investigation is not in the public interest | On or near Melbourne Road |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Road |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenavon Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Glenavon Road |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Glenavon Road |