£238,098
This estimated value is based upon the latest sale price for the house of £190,000 on 15 Jun 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £190,000 | 15 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 49 sq meters or 533 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 2018 the House Price Index for SUFFOLK was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £190,000 results in an estimated price of approximately £238,098.
| 15 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £190,000 | £48,098 | £238,098 |
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 | 27.735 % | £52,697 | £242,697 |
| 3 Month Average | 13.588 % | £25,817 | £215,817 |
| 6 Month Average | 31.800 % | £60,419 | £250,419 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £257,153 | £252,000 | 17 MORNINGTON AVENUE |
| 2 Sep 2022 | £268,571 | £268,750 | 20 MORNINGTON AVENUE |
| 31 Mar 2022 | £401,914 | £385,000 | 298 NORWICH ROAD |
| 2 Dec 2021 | £215,862 | £200,000 | 5 SPRINGFIELD LANE |
| 29 Sep 2021 | £271,392 | £250,000 | 345 NORWICH ROAD |
This house has a floor area of 49 sq meters or 533 sq feet when measured on 6 Nov 2010. Using an estimated price of £238,099 means this house is valued at £4,800 per sq meter (£445 per sq foot).
The average size of a house on NORWICH ROAD is 97 sq meters (1,045 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mornington Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Brookfield Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Brookfield Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Springfield Lane |
| Sep 2024 | Violence and sexual offences | Offender given a caution | On or near Springfield Lane |