£370,906
This estimated value is based upon the latest sale price for the house of £276,500 on 14 Jul 2016. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £276,500 | 14 Jul 2016 |
| £77,000 | 29 Mar 1999 |
| £62,000 | 6 Sep 1996 |
| £39,000 | 31 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 July 2016 the House Price Index for SUFFOLK was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £276,500 results in an estimated price of approximately £370,906.
| 14 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £276,500 | £94,406 | £370,906 |
The Postcode Pricing Model uses changes in average sales price within the CB8 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 | 14.924 % | £41,264 | £317,764 |
| 3 Month Average | 20.768 % | £57,422 | £333,922 |
| 6 Month Average | 23.864 % | £65,983 | £342,483 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Apr 2023 | £244,575 | £240,000 | 5 PARK AVENUE |
| 18 Jan 2023 | £215,576 | £215,000 | 13 MELTON CLOSE |
| 30 Jun 2022 | £178,823 | £175,000 | 2 PARK AVENUE |
| 17 Jun 2022 | £240,133 | £235,000 | 74 PARK LANE |
| 18 May 2022 | £210,484 | £205,000 | FLAT 2 29 PARK LANE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 17 Feb 2016. Using an estimated price of £370,906 means this house is valued at £3,601 per sq meter (£334 per sq foot).
The average size of a house on PARK LANE is 90 sq meters (977 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Melton Close |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Queen Street |
| Oct 2024 | Anti-social behaviour | On or near Dick Perryman Court | |
| Oct 2024 | Anti-social behaviour | On or near Dick Perryman Court | |
| Oct 2024 | Other crime | Action to be taken by another organisation | On or near Dick Perryman Court |