£317,824
This estimated value is based upon the latest sale price for the house of £252,500 on 26 Feb 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £252,500 | 26 Feb 2018 |
| Detached |
| Freehold |
| Floor Area: 69 sq meters or 745 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 February 2018 the House Price Index for SUFFOLK was 118.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.871%.Applying this 25.871% change to the original purchase price of £252,500 results in an estimated price of approximately £317,824.
| 26 Feb 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 149.7 | 25.871 % | £252,500 | £65,324 | £317,824 |
The Postcode Pricing Model uses changes in average sales price within the IP14 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 | 32.410 % | £81,835 | £334,335 |
| 3 Month Average | 22.498 % | £56,808 | £309,308 |
| 6 Month Average | 29.815 % | £75,284 | £327,784 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Mar 2022 | £229,665 | £220,000 | 8 ELMSETT CLOSE |
| 7 Feb 2022 | £301,090 | £285,000 | 7 LAYHAM GARDENS |
| 17 Dec 2021 | £288,715 | £267,500 | 65 MELFORD ROAD |
| 30 Sep 2021 | £206,258 | £190,000 | 59 MELFORD ROAD |
| 15 Jun 2021 | £240,493 | £222,500 | 4 POLSTEAD CLOSE |
This house has a floor area of 69 sq meters or 745 sq feet when measured on 29 Mar 2011. Using an estimated price of £317,824 means this house is valued at £4,586 per sq meter (£426 per sq foot).
The average size of a house on MELFORD ROAD is 66 sq meters (716 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Hartest Way | |
| Aug 2024 | Drugs | Local resolution | On or near Polstead Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hessett Close |
| Aug 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hessett Close |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hessett Close |