£243,366
This estimated value is based upon the latest sale price for the house of £197,500 on 29 May 2020. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £197,500 | 29 May 2020 |
| £165,000 | 17 Jul 2015 |
| £142,000 | 6 Dec 2013 |
| £116,000 | 3 Jul 2012 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in May 2020 the House Price Index for NORFOLK was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £197,500 results in an estimated price of approximately £243,366.
| 29 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.224 % | £197,500 | £45,866 | £243,366 |
The Postcode Pricing Model uses changes in average sales price within the NR7 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 | 12.836 % | £25,351 | £222,851 |
| 3 Month Average | -1.648 % | £-3,254 | £194,245 |
| 6 Month Average | 0.288 % | £568 | £198,068 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £304,352 | £295,000 | 38 FURZE ROAD |
| 13 Sep 2023 | £351,754 | £344,000 | 84 FURZE ROAD |
| 30 Jun 2023 | £357,157 | £350,000 | 20 FURZE ROAD |
| 11 Apr 2023 | £236,932 | £232,500 | 1 FURZE AVENUE |
| 3 Feb 2023 | £236,580 | £235,000 | 51 FURZE ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 19 Sep 2019. Using an estimated price of £243,366 means this house is valued at £3,802 per sq meter (£353 per sq foot).
The average size of a house on FURZE ROAD is 82 sq meters (885 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Broom Avenue | |
| May 2024 | Anti-social behaviour | On or near Broom Avenue | |
| May 2024 | Anti-social behaviour | On or near Broom Avenue | |
| Apr 2024 | Drugs | Awaiting court outcome | On or near Broom Avenue |
| Jun 2024 | Other theft | Under investigation | On or near Gorse Road |