£426,992
This estimated value is based upon the latest sale price for the house of £350,000 on 11 Jun 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£350,000 | 11 Jun 2020 |
£344,000 | 12 Jan 2018 |
£194,000 | 6 Jun 2003 |
Detached |
Freehold |
Floor Area: 111 sq meters or 1,194 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 June 2020 the House Price Index for SUFFOLK was 122.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.998%.Applying this 21.998% change to the original purchase price of £350,000 results in an estimated price of approximately £426,992.
11 Jun 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 149.7 | 21.998 % | £350,000 | £76,992 | £426,992 |
The Postcode Pricing Model uses changes in average sales price within the IP32 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 | 49.999 % | £174,995 | £524,995 |
3 Month Average | 5.245 % | £18,357 | £368,357 |
6 Month Average | -15.546 % | £-54,411 | £295,588 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Jun 2024 | £387,500 | £387,500 | 82 RAEDWALD DRIVE |
16 May 2024 | £360,000 | £360,000 | 163 RAEDWALD DRIVE |
24 Nov 2023 | £307,814 | £300,000 | 170 RAEDWALD DRIVE |
24 Oct 2022 | £169,434 | £170,000 | 76 RAEDWALD DRIVE |
17 Jun 2022 | £367,863 | £360,000 | 238 RAEDWALD DRIVE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 23 Jun 2015. Using an estimated price of £426,993 means this house is valued at £3,846 per sq meter (£357 per sq foot).
The average size of a house on RAEDWALD DRIVE is 80 sq meters (862 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Bernham Close |
Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Layhill Close |
May 2024 | Criminal damage and arson | Formal action is not in the public interest | On or near Layhill Close |
Jun 2024 | Burglary | Under investigation | On or near Sutton Close |
Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |