£638,588
This estimated value is based upon the latest sale price for the house of £410,000 on 2 May 2014. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £410,000 | 2 May 2014 |
| Detached |
| Freehold |
| Floor Area: 153 sq meters or 1,646 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 May 2014 the House Price Index for NORFOLK was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £410,000 results in an estimated price of approximately £638,588.
| 2 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £410,000 | £228,588 | £638,588 |
The Postcode Pricing Model uses changes in average sales price within the NR4 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 | 32.344 % | £132,608 | £542,608 |
| 3 Month Average | 52.594 % | £215,637 | £625,637 |
| 6 Month Average | 59.555 % | £244,176 | £654,176 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £761,703 | £750,000 | 16 NEWFOUND DRIVE |
| 18 Aug 2023 | £585,561 | £575,000 | 21 NEWFOUND DRIVE |
| 2 Jun 2023 | £276,542 | £271,000 | 61 WILLOWCROFT WAY |
| 12 Jan 2023 | £2,005,358 | £2,000,000 | 84 COLNEY LANE |
| 24 Jun 2022 | £510,921 | £500,000 | 19 NEWFOUND DRIVE |
This house has a floor area of 153 sq meters or 1,646 sq feet when measured on 20 Sep 2013. Using an estimated price of £638,589 means this house is valued at £4,173 per sq meter (£387 per sq foot).
The average size of a house on NEWFOUND DRIVE is 166 sq meters (1,790 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near St Lawrence Drive |
| Sep 2024 | Anti-social behaviour | On or near Chestnut Place | |
| Sep 2024 | Anti-social behaviour | On or near Mapletree Close | |
| Jul 2024 | Anti-social behaviour | On or near Harmer Lane | |
| Jul 2024 | Anti-social behaviour | On or near Harmer Lane |