£431,266
This estimated value is based upon the latest sale price for the house of £373,000 on 18 Dec 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£373,000 | 18 Dec 2020 |
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 December 2020 the House Price Index for SUFFOLK was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £373,000 results in an estimated price of approximately £431,266.
18 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.5 | 149.7 | 15.621 % | £373,000 | £58,266 | £431,266 |
The Postcode Pricing Model uses changes in average sales price within the IP31 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 | 8.195 % | £30,567 | £403,567 |
3 Month Average | -13.122 % | £-48,943 | £324,056 |
6 Month Average | 0.006 % | £22 | £373,022 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £587,961 | £575,000 | MILL LANE COTTAGE MILL LANE |
4 Sep 2023 | £370,671 | £362,500 | 1 STONE COTTAGES MILL LANE |
1 Aug 2023 | £254,592 | £250,000 | 4 WREN CLOSE |
28 Jun 2023 | £392,873 | £385,000 | 2 STONE COTTAGES |
31 Mar 2023 | £582,732 | £573,000 | HIGHMEAD HOUSE IXWORTH ROAD |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 27 Nov 2020. Using an estimated price of £431,266 means this house is valued at £3,885 per sq meter (£360 per sq foot).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Mill Lane |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Lane |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mill Lane |
Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Mill Lane |
Jun 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Mill Lane |