£474,410
This estimated value is based upon the latest sale price for the house of £385,000 on 29 May 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £385,000 | 29 May 2020 |
| £247,500 | 30 Jun 2006 |
| Detached |
| Freehold |
| Floor Area: 133 sq meters or 1,431 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 May 2020 the House Price Index for SUFFOLK was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £385,000 results in an estimated price of approximately £474,410.
| 29 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £385,000 | £89,410 | £474,410 |
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 | 47.667 % | £183,518 | £568,518 |
| 3 Month Average | 9.346 % | £35,982 | £420,982 |
| 6 Month Average | 14.919 % | £57,436 | £442,436 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Apr 2024 | £267,826 | £265,500 | 6 GIPPESWYK AVENUE |
| 4 Mar 2024 | £269,135 | £265,000 | 8 GIPPESWYK AVENUE |
| 27 Oct 2023 | £623,153 | £609,000 | 23 QUEENSCLIFFE ROAD |
| 20 Oct 2023 | £286,507 | £280,000 | 31 GIPPESWYK AVENUE |
| 11 Apr 2023 | £290,432 | £285,000 | 7 GIPPESWYK AVENUE |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 2 Sep 2021. Using an estimated price of £474,411 means this house is valued at £3,567 per sq meter (£331 per sq foot).
The average size of a house on GRANTHAM CRESCENT is 135 sq meters (1,454 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grantham Crescent |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Grantham Crescent |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kesteven Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kesteven Road |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Sleaford Close |