£170,023
This estimated value is based upon the latest sale price for the house of £118,000 on 8 May 2015. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £118,000 | 8 May 2015 |
| £94,995 | 31 Jul 2006 |
| £35,000 | 7 Oct 1998 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 2015 the House Price Index for SUFFOLK was 101.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 44.088%.Applying this 44.088% change to the original purchase price of £118,000 results in an estimated price of approximately £170,023.
| 8 May 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 146.7 | 44.088 % | £118,000 | £52,023 | £170,023 |
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 | 21.728 % | £25,638 | £143,638 |
| 3 Month Average | 29.494 % | £34,803 | £152,803 |
| 6 Month Average | 38.015 % | £44,857 | £162,857 |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 1 Feb 2014.
The average size of a house on WALLACE ROAD is 73 sq meters (790 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bramford Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near B1067 |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near B1067 |
| Jan 2024 | Possession of weapons | Unable to prosecute suspect | On or near B1067 |
| Dec 2023 | Anti-social behaviour | On or near B1067 |