£148,337
This estimated value is based upon the latest sale price for the house of £117,500 on 28 Mar 2018. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £117,500 | 28 Mar 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 495 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in March 2018 the House Price Index for NORFOLK was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £117,500 results in an estimated price of approximately £148,337.
| 28 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 149.7 | 26.245 % | £117,500 | £30,837 | £148,337 |
The Postcode Pricing Model uses changes in average sales price within the NR3 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 | 36.882 % | £43,336 | £160,836 |
| 3 Month Average | 26.855 % | £31,554 | £149,054 |
| 6 Month Average | 21.488 % | £25,248 | £142,748 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £149,597 | £145,000 | 58 BULL CLOSE ROAD |
| 7 Sep 2023 | £255,635 | £250,000 | 1 TWINEMAKERS ROW |
| 21 Aug 2023 | £152,755 | £150,000 | 128A MAGDALEN STREET |
| 4 Aug 2023 | £330,969 | £325,000 | 31A COWGATE |
| 30 Jun 2023 | £137,761 | £135,000 | 45A COWGATE |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 31 May 2017. Using an estimated price of £148,337 means this house is valued at £3,224 per sq meter (£299 per sq foot).
The average size of a house on MAGDALEN CLOSE is 57 sq meters (616 sq feet).