£467,014
This estimated value is based upon the latest sale price for the house of £365,000 on 11 Aug 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 Wright Lane
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| Price Paid | Date |
|---|---|
| £365,000 | 11 Aug 2017 |
| £232,500 | 21 Apr 2006 |
| £192,500 | 23 Aug 2002 |
| £109,950 | 23 Dec 1997 |
| Detached |
| Freehold |
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 August 2017 the House Price Index for SUFFOLK was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £365,000 results in an estimated price of approximately £467,014.
| 11 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 149.7 | 27.949 % | £365,000 | £102,014 | £467,014 |
The Postcode Pricing Model uses changes in average sales price within the IP5 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 | 20.914 % | £76,336 | £441,336 |
| 3 Month Average | -5.023 % | £-18,333 | £346,666 |
| 6 Month Average | 2.947 % | £10,757 | £375,757 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £219,370 | £216,000 | 41 WRIGHT LANE |
| 20 Jan 2023 | £476,273 | £475,000 | 2 WAINWRIGHT WAY |
| 21 Oct 2022 | £343,852 | £345,000 | 22 WRIGHT LANE |
| 30 Sep 2022 | £266,822 | £267,000 | 33 WRIGHT LANE |
| 21 Jan 2022 | £556,604 | £525,000 | 5 WRIGHT LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Burglary | Under investigation | On or near Wright Lane |
| May 2024 | Public order | Unable to prosecute suspect | On or near Wainwright Way |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wainwright Way |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stewart Young Grove |
| May 2024 | Other theft | Under investigation | On or near St William Court |