£585,243
This estimated value is based upon the latest sale price for the house of £465,000 on 14 Jul 2017. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There has been one burglary within the last year on or near Park Road
More crime details
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| Price Paid | Date |
|---|---|
| £465,000 | 14 Jul 2017 |
| £345,000 | 8 Nov 2011 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,240 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 July 2017 the House Price Index for SUFFOLK was 116.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.859%.Applying this 25.859% change to the original purchase price of £465,000 results in an estimated price of approximately £585,243.
| 14 Jul 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 146.7 | 25.859 % | £465,000 | £120,243 | £585,243 |
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 | 5.757 % | £26,771 | £491,771 |
| 3 Month Average | 35.720 % | £166,099 | £631,099 |
| 6 Month Average | 29.670 % | £137,964 | £602,964 |
This house has a floor area of 115 sq meters or 1,240 sq feet when measured on 24 May 2011.
The average size of a house on PARK ROAD is 201 sq meters (2,171 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Park Road |
| Jan 2024 | Other theft | Under investigation | On or near Park Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Park Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Park North |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Gainsborough Road |