£216,492
This estimated value is based upon the latest sale price for the house of £124,000 on 24 Jun 2011. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £124,000 | 24 Jun 2011 |
| £112,500 | 27 Feb 2004 |
| £112,500 | 27 Feb 2004 |
| £105,995 | 6 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 523 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 2011 the House Price Index for SUFFOLK was 85.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.591%.Applying this 74.591% change to the original purchase price of £124,000 results in an estimated price of approximately £216,492.
| 24 Jun 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.7 | 149.7 | 74.591 % | £124,000 | £92,492 | £216,492 |
The Postcode Pricing Model uses changes in average sales price within the IP33 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 | 24.128 % | £29,918 | £153,918 |
| 3 Month Average | 43.928 % | £54,470 | £178,470 |
| 6 Month Average | 43.030 % | £53,357 | £177,357 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £264,057 | £260,000 | 55 FEN WAY |
| 18 Dec 2023 | £376,571 | £365,000 | 14 FEN WAY |
| 30 Jun 2023 | £352,055 | £345,000 | 50 FEN WAY |
| 31 Mar 2023 | £259,331 | £255,000 | 33 FEN WAY |
| 29 Nov 2022 | £363,301 | £365,000 | 40 BULRUSH CRESCENT |
This house has a floor area of 48 sq meters or 523 sq feet when measured on 17 Feb 2011. Using an estimated price of £216,492 means this house is valued at £4,454 per sq meter (£413 per sq foot).
There is one other house on the street which we know the size of, this is 8 MARSH WAY it is 59.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Fen Way |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Fen Way |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Myrtle Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Myrtle Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Willow Way |