£382,974
This estimated value is based upon the latest sale price for the house of £310,000 on 10 Oct 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £310,000 | 10 Oct 2019 |
| £270,000 | 13 Feb 2015 |
| £179,950 | 24 Jan 2003 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 2019 the House Price Index for SUFFOLK was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £310,000 results in an estimated price of approximately £382,974.
| 10 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £310,000 | £72,974 | £382,974 |
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 | 16.664 % | £51,657 | £361,657 |
| 3 Month Average | 6.886 % | £21,347 | £331,347 |
| 6 Month Average | 5.101 % | £15,812 | £325,812 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £238,000 | £238,000 | 33 CLIFF LANE |
| 2 May 2024 | £286,000 | £286,000 | 58 ELMHURST DRIVE |
| 8 Apr 2024 | £238,572 | £236,500 | 19 ELMHURST DRIVE |
| 30 Nov 2023 | £359,116 | £350,000 | 32 ELMHURST DRIVE |
| 29 Sep 2023 | £368,115 | £360,000 | 5 DERWENT ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 11 Aug 2015. Using an estimated price of £382,974 means this house is valued at £4,255 per sq meter (£395 per sq foot).
The average size of a house on LEE ROAD is 117 sq meters (1,267 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Unable to prosecute suspect | On or near Lee Road |
| Sep 2024 | Possession of weapons | Under investigation | On or near Lee Road |
| Sep 2024 | Drugs | Under investigation | On or near Lee Road |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Beech Grove |
| Oct 2024 | Vehicle crime | Under investigation | On or near Beech Grove |