£220,428
This estimated value is based upon the latest sale price for the house of £120,950 on 10 Jun 2005. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There has been one burglary within the last year on or near Wallace Road
More crime details
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £120,950 | 10 Jun 2005 |
| £51,000 | 21 Dec 1999 |
| 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 June 2005 the House Price Index for SUFFOLK was 80.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 82.248%.Applying this 82.248% change to the original purchase price of £120,950 results in an estimated price of approximately £220,428.
| 10 Jun 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.5 | 146.7 | 82.248 % | £120,950 | £99,478 | £220,428 |
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 | 49.317 % | £59,648 | £180,598 |
| 3 Month Average | 59.707 % | £72,215 | £193,165 |
| 6 Month Average | 79.942 % | £96,689 | £217,639 |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 22 Jun 2020.
The average size of a house on WALLACE ROAD is 73 sq meters (790 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Wallace Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wallace Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vincent Close |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Waveney Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Eustace Road |