£181,136
This estimated value is based upon the latest sale price for the house of £121,000 on 30 Jan 2015. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £121,000 | 30 Jan 2015 |
| £43,000 | 30 Sep 1997 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 January 2015 the House Price Index for SUFFOLK was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £121,000 results in an estimated price of approximately £181,136.
| 30 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £121,000 | £60,136 | £181,136 |
The Postcode Pricing Model uses changes in average sales price within the NR32 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 | 69.091 % | £83,600 | £204,600 |
| 3 Month Average | 45.261 % | £54,765 | £175,765 |
| 6 Month Average | 47.609 % | £57,607 | £178,607 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £83,280 | £82,000 | 14 ST MARGARETS ROAD |
| 29 Aug 2023 | £140,026 | £137,500 | 33 PARK ROAD |
| 6 Jun 2023 | £288,787 | £283,000 | 76 PARK ROAD |
| 31 Jan 2023 | £110,295 | £110,000 | 10 ST MARGARETS ROAD |
| 18 Jul 2022 | £228,287 | £226,000 | 64 PARK ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 9 Jun 2014. Using an estimated price of £181,137 means this house is valued at £1,829 per sq meter (£169 per sq foot).
The average size of a house on MELBOURNE ROAD is 73 sq meters (786 sq feet).
This house is the largest in the street with a floor area of 99 sq meters (1,065 sq feet).