£99,932
This estimated value is based upon the latest sale price for the house of £100,000 on 28 Feb 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £100,000 | 28 Feb 2023 |
| £52,000 | 8 Jul 2016 |
| £41,000 | 5 Sep 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 51 sq meters or 552 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 2023 the House Price Index for SUFFOLK was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £100,000 results in an estimated price of approximately £99,932.
| 28 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.6 | -0.067 % | £100,000 | £-67 | £99,932 |
The Postcode Pricing Model uses changes in average sales price within the NR33 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 | -31.996 % | £-31,996 | £68,003 |
| 3 Month Average | -8.907 % | £-8,907 | £91,092 |
| 6 Month Average | -5.915 % | £-5,914 | £94,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £100,951 | £100,000 | FLAT 1 VICTORIA HOUSE ESPLANADE |
| 31 Mar 2023 | £100,951 | £100,000 | FLAT 5 VICTORIA HOUSE ESPLANADE |
| 31 Mar 2023 | £100,951 | £100,000 | FLAT 6 VICTORIA HOUSE ESPLANADE |
| 31 Mar 2023 | £100,951 | £100,000 | FLAT 4 VICTORIA HOUSE ESPLANADE |
| 15 Mar 2023 | £28,771 | £28,500 | BEACH HUT 28 JUBILEE PARADE |
This house has a floor area of 51 sq meters or 552 sq feet when measured on 30 Jul 2010. Using an estimated price of £99,933 means this house is valued at £1,946 per sq meter (£180 per sq foot).
The average size of a house on MARINE PARADE is 105 sq meters (1,132 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Parking Area |