£287,030
This estimated value is based upon the latest sale price for the house of £214,000 on 5 Aug 2016. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £214,000 | 5 Aug 2016 |
| £57,000 | 18 Aug 1997 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in August 2016 the House Price Index for NORFOLK was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £214,000 results in an estimated price of approximately £287,030.
| 5 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £214,000 | £73,030 | £287,030 |
The Postcode Pricing Model uses changes in average sales price within the NR17 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 | 6.398 % | £13,691 | £227,691 |
| 3 Month Average | 25.606 % | £54,795 | £268,795 |
| 6 Month Average | 20.778 % | £44,464 | £258,464 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £196,462 | £192,000 | 3 ASH TREE CLOSE |
| 29 Sep 2023 | £286,311 | £280,000 | 1 SHORT ROAD |
| 18 Aug 2023 | £249,500 | £245,000 | 1 CHERRY ROW |
| 4 Aug 2023 | £234,224 | £230,000 | 12 CHAPEL ROAD |
| 17 Apr 2023 | £183,431 | £180,000 | WHITE BUNGALOW, 14 CHAPEL ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 12 Sep 2013. Using an estimated price of £287,030 means this house is valued at £2,682 per sq meter (£249 per sq foot).
The average size of a house on CHAPEL ROAD is 87 sq meters (941 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chapel Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chapel Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chapel Road |
| Jun 2024 | Vehicle crime | Under investigation | On or near Chapel Road |
| Jul 2024 | Anti-social behaviour | On or near Yew Tree Road |