£228,432
This estimated value is based upon the latest sale price for the house of £225,500 on 17 Nov 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £225,500 | 17 Nov 2023 |
| £155,000 | 10 Jul 2015 |
| £75,000 | 4 Apr 2014 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2023 the House Price Index for SUFFOLK was 146.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.300%.Applying this 1.300% change to the original purchase price of £225,500 results in an estimated price of approximately £228,432.
| 17 Nov 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.0 | 1.300 % | £225,500 | £2,932 | £228,432 |
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 | 42.412 % | £95,640 | £321,140 |
| 3 Month Average | -13.019 % | £-29,357 | £196,142 |
| 6 Month Average | -11.757 % | £-26,512 | £198,987 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £253,251 | £250,000 | 8 GROVE LANE |
| 17 Nov 2023 | £228,433 | £225,500 | 18 SPRING ROAD |
| 25 Aug 2023 | £251,530 | £250,000 | 28 GRANGE ROAD |
| 14 Jul 2023 | £282,674 | £280,000 | 15 GRANGE ROAD |
| 30 Jun 2023 | £185,504 | £184,000 | 32 NOTTIDGE ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 16 Mar 2015. Using an estimated price of £228,433 means this house is valued at £2,510 per sq meter (£233 per sq foot).
The average size of a house on SPRING ROAD is 78 sq meters (846 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Grange Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Grange Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grange Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Grange Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Nottidge Road |