£358,751
This estimated value is based upon the latest sale price for the house of £76,500 on 8 May 1998. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There has been one burglary within the last year on or near Malthouse Lane
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Price Paid | Date |
---|---|
£76,500 | 8 May 1998 |
Terraced |
Freehold |
Floor Area: 198 sq meters or 2,131 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 May 1998 the House Price Index for SUFFOLK was 31.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 368.957%.Applying this 368.957% change to the original purchase price of £76,500 results in an estimated price of approximately £358,751.
8 May 1998 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.6 | 148.0 | 368.957 % | £76,500 | £282,251 | £358,751 |
The Postcode Pricing Model uses changes in average sales price within the IP32 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 | 233.333 % | £178,500 | £255,000 |
3 Month Average | 217.500 % | £166,387 | £242,887 |
6 Month Average | 318.693 % | £243,800 | £320,300 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £145,492 | £145,000 | 42 FORUM COURT |
21 Nov 2023 | £288,706 | £285,000 | 87 HARLAND COURT STATION HILL |
24 Jul 2023 | £292,769 | £290,000 | 88 MALTINGS WAY |
12 Jul 2023 | £279,645 | £277,000 | 98 HARLAND COURT STATION HILL |
9 Jun 2023 | £186,512 | £185,000 | 18 FORUM COURT |
This house has a floor area of 198 sq meters or 2,131 sq feet when measured on 15 Dec 2015. Using an estimated price of £358,752 means this house is valued at £1,811 per sq meter (£168 per sq foot).
The average size of a house on FORNHAM ROAD is 121 sq meters (1,305 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Malthouse Lane |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Malthouse Lane |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Malthouse Lane |
Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Malthouse Lane |
Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Malthouse Lane |