£202,336
This estimated value is based upon the latest sale price for the house of £175,000 on 11 Dec 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £175,000 | 11 Dec 2020 |
| £44,000 | 19 Sep 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 December 2020 the House Price Index for SUFFOLK was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £175,000 results in an estimated price of approximately £202,336.
| 11 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £175,000 | £27,336 | £202,336 |
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 | -10.273 % | £-17,977 | £157,022 |
| 3 Month Average | 3.622 % | £6,339 | £181,339 |
| 6 Month Average | 19.518 % | £34,156 | £209,156 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £257,153 | £252,000 | 17 MORNINGTON AVENUE |
| 2 Sep 2022 | £268,571 | £268,750 | 20 MORNINGTON AVENUE |
| 31 Mar 2022 | £401,914 | £385,000 | 298 NORWICH ROAD |
| 29 Sep 2021 | £271,392 | £250,000 | 345 NORWICH ROAD |
| 29 Sep 2021 | £238,825 | £220,000 | 18 MORNINGTON AVENUE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 5 Aug 2020. Using an estimated price of £202,337 means this house is valued at £2,627 per sq meter (£244 per sq foot).
The average size of a house on NORWICH ROAD is 97 sq meters (1,045 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mornington Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Brookfield Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Brookfield Road |
| Sep 2024 | Violence and sexual offences | Offender given a caution | On or near Springfield Lane |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Springfield Lane |