£294,426
This estimated value is based upon the latest sale price for the house of £193,000 on 5 Aug 2014. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £193,000 | 5 Aug 2014 |
| £152,000 | 11 Jul 2003 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 2014 the House Price Index for NORFOLK was 98.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 52.553%.Applying this 52.553% change to the original purchase price of £193,000 results in an estimated price of approximately £294,426.
| 5 Aug 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 149.7 | 52.553 % | £193,000 | £101,426 | £294,426 |
The Postcode Pricing Model uses changes in average sales price within the IP24 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 | 22.008 % | £42,475 | £235,475 |
| 3 Month Average | 50.251 % | £96,983 | £289,983 |
| 6 Month Average | 52.801 % | £101,906 | £294,906 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £319,828 | £310,000 | 91 CHURCHILL ROAD |
| 30 Jun 2023 | £232,663 | £228,000 | 6 ORCHARD WAY |
| 20 Jun 2023 | £4,898,159 | £4,800,000 | DEERS LEAP, 38 NORWICH ROAD |
| 2 Jun 2023 | £244,908 | £240,000 | 3 GRENVILLE WAY |
| 30 Mar 2023 | £350,859 | £345,000 | 30 GRENVILLE WAY |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 15 May 2014. Using an estimated price of £294,427 means this house is valued at £2,560 per sq meter (£237 per sq foot).
The average size of a house on GRENVILLE WAY is 129 sq meters (1,392 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Clover Way |
| Oct 2024 | Anti-social behaviour | On or near Fairfields | |
| Jul 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Orchard Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orchard Way |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Orchard Way |