£172,436
This estimated value is based upon the latest sale price for the house of £170,000 on 22 Jun 2022. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £170,000 | 22 Jun 2022 |
| £170,000 | 22 Jun 2022 |
| £35,000 | 28 Mar 2000 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2022 the House Price Index for SUFFOLK was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £170,000 results in an estimated price of approximately £172,436.
| 22 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.6 | 1.433 % | £170,000 | £2,436 | £172,436 |
The Postcode Pricing Model uses changes in average sales price within the NR32 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 | 1.471 % | £2,500 | £172,500 |
| 3 Month Average | 11.558 % | £19,648 | £189,648 |
| 6 Month Average | 10.978 % | £18,663 | £188,663 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £149,410 | £147,500 | 98 SOMERTON AVENUE |
| 18 Aug 2023 | £147,289 | £146,000 | 38 SOMERTON AVENUE |
| 24 Mar 2023 | £151,427 | £150,000 | 7 SOMERTON AVENUE |
| 18 Jan 2023 | £253,804 | £255,000 | 217 ST MARGARETS ROAD |
| 29 Jul 2022 | £175,472 | £175,000 | 20 SOMERTON AVENUE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 2 May 2017. Using an estimated price of £172,437 means this house is valued at £2,463 per sq meter (£228 per sq foot).
The average size of a house on SOMERTON AVENUE is 74 sq meters (798 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wensum Gardens |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wensum Gardens |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Wensum Gardens |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Somerton Avenue |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Somerton Avenue |