£212,515
This estimated value is based upon the latest sale price for the house of £80,000 on 11 Oct 2002. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £80,000 | 11 Oct 2002 |
| £55,000 | 28 Feb 2002 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 695 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 2002 the House Price Index for SUFFOLK was 56.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 165.645%.Applying this 165.645% change to the original purchase price of £80,000 results in an estimated price of approximately £212,515.
| 11 Oct 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 56.4 | 149.7 | 165.645 % | £80,000 | £132,515 | £212,515 |
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 | 142.372 % | £113,897 | £193,897 |
| 3 Month Average | 143.338 % | £114,670 | £194,670 |
| 6 Month Average | 151.330 % | £121,063 | £201,063 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £201,182 | £195,000 | 58 VICTORIA ROAD |
| 11 Aug 2023 | £201,637 | £198,000 | 44 CREETING ROAD WEST |
| 7 Aug 2023 | £290,235 | £285,000 | 61 VICTORIA ROAD |
| 10 Feb 2023 | £191,278 | £190,000 | 2 SAFFRON FEN PLACE |
| 10 Feb 2023 | £191,278 | £190,000 | 12 SAFFRON FEN PLACE |
This house has a floor area of 64 sq meters or 695 sq feet when measured on 24 Sep 2010. Using an estimated price of £212,516 means this house is valued at £3,289 per sq meter (£305 per sq foot).
The average size of a house on CREETING ROAD is 69 sq meters (753 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Thorney Hall Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Victoria Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Victoria Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Victoria Road |