£371,902
This estimated value is based upon the latest sale price for the house of £300,000 on 6 Aug 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £300,000 | 6 Aug 2019 |
| 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 August 2019 the House Price Index for SUFFOLK was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £300,000 results in an estimated price of approximately £371,902.
| 6 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £300,000 | £71,902 | £371,902 |
The Postcode Pricing Model uses changes in average sales price within the IP14 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 | 45.631 % | £136,894 | £436,894 |
| 3 Month Average | 14.012 % | £42,036 | £342,036 |
| 6 Month Average | 22.933 % | £68,799 | £368,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jul 2022 | £241,419 | £239,000 | 12 ELMSETT CLOSE |
| 8 Apr 2022 | £222,527 | £214,500 | 61 LAVENHAM WAY |
| 23 Mar 2022 | £229,665 | £220,000 | 8 ELMSETT CLOSE |
| 7 Feb 2022 | £301,090 | £285,000 | 7 LAYHAM GARDENS |
| 17 Dec 2021 | £288,715 | £267,500 | 65 MELFORD ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 4 Mar 2019. Using an estimated price of £371,902 means this house is valued at £4,829 per sq meter (£448 per sq foot).
The average size of a house on MELFORD ROAD is 66 sq meters (716 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Hartest Way | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hessett Close |
| Aug 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hessett Close |
| Jul 2024 | Public order | Unable to prosecute suspect | On or near Hessett Close |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hessett Close |