£92,230
This estimated value is based upon the latest sale price for the house of £70,000 on 18 Nov 2016. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £70,000 | 18 Nov 2016 |
| £60,000 | 29 Nov 2013 |
| £51,000 | 25 Jun 2010 |
| £40,000 | 8 Mar 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 28 sq meters or 301 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 November 2016 the House Price Index for SUFFOLK was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £70,000 results in an estimated price of approximately £92,230.
| 18 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £70,000 | £22,230 | £92,230 |
The Postcode Pricing Model uses changes in average sales price within the IP1 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 | -6.790 % | £-4,752 | £65,247 |
| 3 Month Average | 18.078 % | £12,654 | £82,654 |
| 6 Month Average | 22.292 % | £15,604 | £85,604 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £76,671 | £76,000 | FLAT 801 23 FRANCISCAN WAY |
| 21 Jun 2022 | £60,860 | £60,000 | FLAT 303 23 FRANCISCAN WAY |
| 14 Dec 2018 | £86,351 | £70,000 | FLAT 307 23 FRANCISCAN WAY |
| 22 Jun 2018 | £90,497 | £72,750 | FLAT 806 23 FRANCISCAN WAY |
| 5 Jun 2018 | £93,296 | £75,000 | FLAT 1306 23 FRANCISCAN WAY |
This house has a floor area of 28 sq meters or 301 sq feet when measured on 10 Apr 2019. Using an estimated price of £92,230 means this house is valued at £3,293 per sq meter (£306 per sq foot).
The average size of a house on FRANCISCAN WAY is 29 sq meters (322 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Cecilia Street |