£418,635
This estimated value is based upon the latest sale price for the house of £415,000 on 10 Apr 2024. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £415,000 | 10 Apr 2024 |
| £375,000 | 29 Oct 2019 |
| Terraced |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 April 2024 the House Price Index for SUFFOLK was 148.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.876%.Applying this 0.876% change to the original purchase price of £415,000 results in an estimated price of approximately £418,635.
| 10 Apr 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.4 | 149.7 | 0.876 % | £415,000 | £3,635 | £418,635 |
The Postcode Pricing Model uses changes in average sales price within the IP33 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 | 2.462 % | £10,219 | £425,219 |
| 3 Month Average | -10.406 % | £-43,186 | £371,813 |
| 6 Month Average | -4.163 % | £-17,277 | £397,722 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £121,051 | £120,000 | 5 CHURCH WALKS |
| 10 Apr 2024 | £418,635 | £415,000 | 2 WESTGATE STREET |
| 14 Feb 2023 | £1,736,601 | £1,725,000 | WESTGATE HOUSE, 13 WESTGATE STREET |
| 30 Nov 2022 | £646,975 | £650,000 | 5 GREENE MEWS |
| 28 Oct 2022 | £323,918 | £325,000 | 24 BRIDEWELL LANE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 7 Mar 2017. Using an estimated price of £418,635 means this house is valued at £3,672 per sq meter (£341 per sq foot).
The average size of a house on WESTGATE STREET is 155 sq meters (1,676 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Theatre/Concert Hall |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Theatre/Concert Hall |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greene Mews |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Bridewell Lane |
| Jul 2024 | Shoplifting | Under investigation | On or near Honey Hill |