£254,493
This estimated value is based upon the latest sale price for the house of £205,000 on 31 Oct 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £205,000 | 31 Oct 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 October 2018 the House Price Index for SUFFOLK was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £205,000 results in an estimated price of approximately £254,493.
| 31 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £205,000 | £49,493 | £254,493 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 3.507 % | £7,190 | £212,190 |
| 3 Month Average | 7.115 % | £14,586 | £219,586 |
| 6 Month Average | 12.328 % | £25,273 | £230,273 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £368,115 | £360,000 | 5 DERWENT ROAD |
| 13 Jan 2023 | £300,804 | £300,000 | 45 DERWENT ROAD |
| 13 Oct 2022 | £493,352 | £495,000 | 2 LEE ROAD |
| 5 Sep 2022 | £356,262 | £356,500 | 35 SEVERN ROAD |
| 25 Jun 2021 | £237,791 | £220,000 | 30 DERWENT ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 6 Sep 2018. Using an estimated price of £254,493 means this house is valued at £2,766 per sq meter (£256 per sq foot).
The average size of a house on DERWENT ROAD is 112 sq meters (1,215 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Trent Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Trent Road |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Wye Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dereham Avenue |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Medway Road |