£221,613
This estimated value is based upon the latest sale price for the house of £47,500 on 15 Oct 1998. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £47,500 | 15 Oct 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 1998 the House Price Index for SUFFOLK was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.555%.Applying this 366.555% change to the original purchase price of £47,500 results in an estimated price of approximately £221,613.
| 15 Oct 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.555 % | £47,500 | £174,113 | £221,613 |
The Postcode Pricing Model uses changes in average sales price within the IP11 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 | 416.089 % | £197,642 | £245,142 |
| 3 Month Average | 407.150 % | £193,396 | £240,896 |
| 6 Month Average | 381.633 % | £181,275 | £228,775 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £224,959 | £220,000 | 7 RUNNACLES WAY |
| 8 Sep 2023 | £230,072 | £225,000 | 16 THE DOWNS |
| 11 Aug 2023 | £315,694 | £310,000 | 37 RUNNACLES WAY |
| 24 Mar 2023 | £164,751 | £162,000 | 16 GENERALS MEWS |
| 18 Mar 2022 | £198,295 | £189,950 | 29 RENDLESHAM ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 21 Dec 2021. Using an estimated price of £221,614 means this house is valued at £3,121 per sq meter (£289 per sq foot).
The average size of a house on THE DOWNS is 55 sq meters (602 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Generals Mews |
| Oct 2024 | Anti-social behaviour | On or near Rendlesham Road | |
| Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Reedland Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Long Field |