£227,498
This estimated value is based upon the latest sale price for the house of £170,000 on 23 Sep 2016. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £170,000 | 23 Sep 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 September 2016 the House Price Index for SUFFOLK was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £170,000 results in an estimated price of approximately £227,498.
| 23 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 149.7 | 33.822 % | £170,000 | £57,498 | £227,498 |
The Postcode Pricing Model uses changes in average sales price within the IP1 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 | 2.681 % | £4,558 | £174,558 |
| 3 Month Average | 19.489 % | £33,130 | £203,130 |
| 6 Month Average | 37.382 % | £63,550 | £233,550 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £257,926 | £250,000 | 41 ORFORD STREET |
| 1 Dec 2023 | £167,652 | £162,500 | 48 NEWSON STREET |
| 30 Nov 2023 | £123,125 | £120,000 | 46 GYMNASIUM STREET |
| 17 Nov 2023 | £235,990 | £230,000 | 37 GENEVA ROAD |
| 30 Jun 2023 | £275,521 | £270,000 | 58 CECIL ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 14 Jun 2016. Using an estimated price of £227,498 means this house is valued at £2,614 per sq meter (£242 per sq foot).
The average size of a house on GENEVA ROAD is 102 sq meters (1,100 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Newson Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Geneva Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Geneva Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Geneva Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Geneva Road |