£40,217
This estimated value is based upon the latest sale price for the house of £40,000 on 16 Mar 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £40,000 | 16 Mar 2023 |
| £350,000 | 9 Sep 2016 |
| Freehold |
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 March 2023 the House Price Index for SUFFOLK was 147.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.543%.Applying this 0.543% change to the original purchase price of £40,000 results in an estimated price of approximately £40,217.
| 16 Mar 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.0 | 0.543 % | £40,000 | £217 | £40,217 |
The Postcode Pricing Model uses changes in average sales price within the IP2 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 | -11.882 % | £-4,752 | £35,247 |
| 3 Month Average | -8.261 % | £-3,304 | £36,695 |
| 6 Month Average | 0.257 % | £102 | £40,102 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £249,199 | £246,000 | 33 BURRELL ROAD |
| 30 Jun 2023 | £79,646 | £79,000 | 53A BURRELL ROAD |
| 7 Jun 2023 | £126,022 | £125,000 | FLAT 13 34 FOUNDATION STREET |
| 16 Mar 2023 | £40,217 | £40,000 | 25 BURRELL ROAD |
| 28 Oct 2022 | £118,242 | £120,000 | FLAT 2 16 WILLOUGHBY ROAD |