£224,592
This estimated value is based upon the latest sale price for the house of £45,000 on 24 Oct 1997. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £45,000 | 24 Oct 1997 |
| Semi-Detached |
| Freehold |
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 October 1997 the House Price Index for SUFFOLK was 30.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 399.095%.Applying this 399.095% change to the original purchase price of £45,000 results in an estimated price of approximately £224,592.
| 24 Oct 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 149.7 | 399.095 % | £45,000 | £179,592 | £224,592 |
The Postcode Pricing Model uses changes in average sales price within the IP11 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 | 499.098 % | £224,594 | £269,594 |
| 3 Month Average | 464.175 % | £208,878 | £253,878 |
| 6 Month Average | 422.958 % | £190,331 | £235,331 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Oct 2023 | £286,507 | £280,000 | 55 MELFORD WAY |
| 1 Sep 2023 | £230,072 | £225,000 | 19 WESEL AVENUE |
| 19 Jun 2023 | £204,090 | £200,000 | 87 MELFORD WAY |
| 12 Jun 2023 | £239,806 | £235,000 | 85 MELFORD WAY |
| 27 May 2022 | £256,687 | £250,000 | 28 MELFORD WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Melford Way |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cloncurry Gardens |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cloncurry Gardens |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Glemsford Close |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Chelsworth Road |