£224,498
This estimated value is based upon the latest sale price for the house of £220,000 on 19 Jun 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £220,000 | 19 Jun 2023 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 570 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 2023 the House Price Index for SUFFOLK was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £220,000 results in an estimated price of approximately £224,498.
| 19 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £220,000 | £4,498 | £224,498 |
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 | -20.356 % | £-44,782 | £175,217 |
| 3 Month Average | -5.526 % | £-12,158 | £207,841 |
| 6 Month Average | -5.877 % | £-12,929 | £207,070 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Apr 2024 | £216,883 | £215,000 | 19 BARN LANE |
| 17 Nov 2023 | £282,162 | £275,000 | 13 BARN LANE |
| 1 Nov 2023 | £136,464 | £133,000 | FLAT 1 LARK HOUSE, 117 EASTGATE STREET |
| 15 Sep 2023 | £205,531 | £201,000 | 2 THE VINEFIELDS |
| 3 Aug 2023 | £88,598 | £87,000 | FLAT 16 EASTGATE HOUSE, 118 EASTGATE STREET |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 19 Oct 2014. Using an estimated price of £224,499 means this house is valued at £4,235 per sq meter (£393 per sq foot).
The average size of a house on BARN LANE is 72 sq meters (776 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Under investigation | On or near Eastgate Street |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Eastgate Street |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Brunel Business Court |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Vinefields |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near The Vinefields |