£152,447
This estimated value is based upon the latest sale price for the house of £129,000 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £129,000 | 30 Oct 2020 |
| £123,500 | 19 Mar 2018 |
| £80,750 | 1 Feb 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 92 sq meters or 990 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 October 2020 the House Price Index for NORFOLK was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £129,000 results in an estimated price of approximately £152,447.
| 30 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £129,000 | £23,447 | £152,447 |
The Postcode Pricing Model uses changes in average sales price within the IP24 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 | -23.476 % | £-30,283 | £98,716 |
| 3 Month Average | 8.428 % | £10,872 | £139,872 |
| 6 Month Average | 10.125 % | £13,061 | £142,061 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £149,393 | £146,000 | 62 SPINDLE DRIVE |
| 9 Jun 2023 | £191,845 | £188,000 | 19 YARROW CLOSE |
| 31 Jan 2023 | £152,407 | £152,000 | 19 SPINDLE DRIVE |
| 7 Sep 2022 | £137,908 | £138,000 | 42 SPINDLE DRIVE |
| 20 May 2022 | £338,827 | £330,000 | 4 GEORGE ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 3 Sep 2015. Using an estimated price of £152,448 means this house is valued at £1,657 per sq meter (£153 per sq foot).
The average size of a house on SPINDLE DRIVE is 76 sq meters (827 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Spindle Drive |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spindle Drive |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coltsfoot Way |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Hastings Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Peter Drive |