£123,125
This estimated value is based upon the latest sale price for the house of £120,000 on 30 Nov 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There have been three burglaries within the last year on or near Gymnasium Street
More crime details
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| Price Paid | Date |
|---|---|
| £120,000 | 30 Nov 2023 |
| £96,000 | 29 Aug 2003 |
| £39,000 | 18 Sep 1998 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 November 2023 the House Price Index for SUFFOLK was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £120,000 results in an estimated price of approximately £123,125.
| 30 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £120,000 | £3,125 | £123,125 |
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 | 1.558 % | £1,869 | £121,869 |
| 3 Month Average | 3.005 % | £3,606 | £123,606 |
| 6 Month Average | 11.365 % | £13,638 | £133,638 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £257,926 | £250,000 | 41 ORFORD STREET |
| 1 Dec 2023 | £167,652 | £162,500 | 48 NEWSON STREET |
| 30 Nov 2023 | £123,125 | £120,000 | 46 GYMNASIUM STREET |
| 17 Nov 2023 | £235,990 | £230,000 | 37 GENEVA ROAD |
| 30 Jun 2023 | £275,521 | £270,000 | 39 GENEVA ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 24 Sep 2013. Using an estimated price of £123,125 means this house is valued at £2,238 per sq meter (£207 per sq foot).
The average size of a house on GYMNASIUM STREET is 72 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Gymnasium Street |
| Oct 2024 | Burglary | Under investigation | On or near Gymnasium Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Gymnasium Street |
| Oct 2024 | Burglary | Under investigation | On or near Gymnasium Street |
| Oct 2024 | Other theft | Under investigation | On or near Gymnasium Street |