£371,563
This estimated value is based upon the latest sale price for the house of £305,000 on 29 May 2020. 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 Saffron Close
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| Price Paid | Date |
|---|---|
| £305,000 | 29 May 2020 |
| £249,950 | 10 Oct 2003 |
| £79,500 | 19 Jun 1998 |
| Detached |
| Freehold |
| Floor Area: 148 sq meters or 1,593 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 2020 the House Price Index for SUFFOLK was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.824%.Applying this 21.824% change to the original purchase price of £305,000 results in an estimated price of approximately £371,563.
| 29 May 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.824 % | £305,000 | £66,563 | £371,563 |
The Postcode Pricing Model uses changes in average sales price within the IP27 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 | 122.913 % | £374,883 | £679,883 |
| 3 Month Average | 37.657 % | £114,854 | £419,854 |
| 6 Month Average | 32.998 % | £100,642 | £405,642 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £278,942 | £278,000 | 39 SAFFRON CLOSE |
| 18 Dec 2023 | £224,242 | £220,000 | 228 LONDON ROAD |
| 25 Aug 2023 | £176,071 | £175,000 | 203 LONDON ROAD |
| 11 Aug 2023 | £206,254 | £205,000 | 190 PARK VIEW LONDON ROAD |
| 10 Feb 2023 | £167,707 | £168,500 | 2 CHURCH CLOSE |
This house has a floor area of 148 sq meters or 1,593 sq feet when measured on 9 Jul 2015. Using an estimated price of £371,564 means this house is valued at £2,510 per sq meter (£233 per sq foot).
The average size of a house on LONDON ROAD is 98 sq meters (1,055 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Saffron Close | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Saffron Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Parsons Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parsons Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Park View |