£196,720
This estimated value is based upon the latest sale price for the house of £195,000 on 22 Aug 2023. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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Price Paid | Date |
---|---|
£195,000 | 22 Aug 2023 |
£200,000 | 18 Oct 2021 |
£124,000 | 21 Sep 2012 |
Detached |
Leasehold |
Floor Area: 52 sq meters or 559 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 August 2023 the House Price Index for NORFOLK was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £195,000 results in an estimated price of approximately £196,720.
22 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.3 | 148.6 | 0.883 % | £195,000 | £1,720 | £196,720 |
The Postcode Pricing Model uses changes in average sales price within the NR6 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 | -39.485 % | £-76,996 | £118,003 |
3 Month Average | -2.180 % | £-4,251 | £190,748 |
6 Month Average | 2.269 % | £4,424 | £199,424 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Mar 2024 | £227,000 | £227,000 | 17 MERCHANT WAY |
15 Dec 2023 | £208,651 | £205,000 | 8 MERCHANT WAY |
20 Sep 2023 | £212,720 | £210,000 | 7 MERCHANT WAY |
8 Sep 2023 | £175,241 | £173,000 | 24 MERCHANT WAY |
22 Aug 2023 | £196,721 | £195,000 | 32 MERCHANT WAY |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 11 Jun 2012. Using an estimated price of £196,721 means this house is valued at £3,783 per sq meter (£351 per sq foot).
The average size of a house on MERCHANT WAY is 52 sq meters (563 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Vera Road | |
Jan 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Vera Road |
Jan 2024 | Anti-social behaviour | On or near Vera Road | |
Jan 2024 | Anti-social behaviour | On or near Vera Road | |
Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Vera Road |