£297,943
This estimated value is based upon the latest sale price for the house of £240,000 on 26 Oct 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £240,000 | 26 Oct 2018 |
| £140,000 | 26 Aug 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 October 2018 the House Price Index for SUFFOLK was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £240,000 results in an estimated price of approximately £297,943.
| 26 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £240,000 | £57,943 | £297,943 |
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 | 12.406 % | £29,773 | £269,773 |
| 3 Month Average | 14.788 % | £35,491 | £275,491 |
| 6 Month Average | 24.800 % | £59,520 | £299,520 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Sep 2024 | £225,000 | £225,000 | 13 PRESTON DRIVE |
| 15 Mar 2024 | £387,961 | £382,000 | 1 ELDRED CORNER |
| 17 Oct 2022 | £299,001 | £300,000 | 3 PRESTON DRIVE |
| 26 Aug 2022 | £303,921 | £302,500 | 44 BEECHCROFT ROAD |
| 24 Aug 2022 | £239,620 | £238,500 | 10 TRANMERE GROVE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 24 Apr 2018. Using an estimated price of £297,944 means this house is valued at £3,169 per sq meter (£294 per sq foot).
The average size of a house on PRESTON DRIVE is 96 sq meters (1,038 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Preston Drive |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Charlton Avenue |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Pinecroft Road |
| Aug 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Pinecroft Road |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Beechcroft Road |