£337,037
This estimated value is based upon the latest sale price for the house of £285,000 on 30 Sep 2020. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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Price Paid | Date |
---|---|
£285,000 | 30 Sep 2020 |
Detached |
Freehold |
Floor Area: 106 sq meters or 1,140 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 September 2020 the House Price Index for NORFOLK was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £285,000 results in an estimated price of approximately £337,037.
30 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
125.1 | 148.0 | 18.259 % | £285,000 | £52,037 | £337,037 |
The Postcode Pricing Model uses changes in average sales price within the NR18 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 | 381.721 % | £1,087,905 | £1,372,905 |
3 Month Average | 42.742 % | £121,815 | £406,815 |
6 Month Average | 30.645 % | £87,337 | £372,337 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Nov 2023 | £283,641 | £280,000 | 18 SWALLOW DRIVE |
3 Nov 2023 | £465,982 | £460,000 | 14 ASPEN DRIVE |
1 Aug 2023 | £291,774 | £290,000 | 5 ASPEN DRIVE |
6 Apr 2023 | £312,321 | £310,000 | 6 SWALLOW DRIVE |
26 Jan 2023 | £254,762 | £257,000 | THE NOOK PARK CLOSE |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 1 Sep 2020. Using an estimated price of £337,037 means this house is valued at £3,179 per sq meter (£295 per sq foot).
The average size of a house on VELVET CLOSE is 110 sq meters (1,192 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Velvet Close |
Apr 2024 | Anti-social behaviour | On or near Park Close | |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Park Close |
Apr 2024 | Criminal damage and arson | Awaiting court outcome | On or near Park Close |
Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Park Close |