£180,471
This estimated value is based upon the latest sale price for the house of £145,000 on 24 Jun 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £145,000 | 24 Jun 2019 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 2019 the House Price Index for SUFFOLK was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £145,000 results in an estimated price of approximately £180,471.
| 24 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £145,000 | £35,471 | £180,471 |
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 | 18.056 % | £26,181 | £171,181 |
| 3 Month Average | 16.676 % | £24,180 | £169,180 |
| 6 Month Average | 24.356 % | £35,315 | £180,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £143,407 | £139,000 | 137 WALLACE ROAD |
| 8 Dec 2023 | £216,657 | £210,000 | 19 VINCENT CLOSE |
| 31 Oct 2023 | £179,067 | £175,000 | 353 BRAMFORD LANE |
| 20 Oct 2023 | £173,951 | £170,000 | 367 BRAMFORD LANE |
| 5 Sep 2023 | £240,297 | £235,000 | 9 VINCENT CLOSE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 11 Jul 2019. Using an estimated price of £180,472 means this house is valued at £2,734 per sq meter (£254 per sq foot).
The average size of a house on BRAMFORD LANE is 75 sq meters (812 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Wallace Road |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wallace Road |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wallace Road |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Bramford Lane |
| Sep 2024 | Public order | Unable to prosecute suspect | On or near Bramford Lane |