£497,122
This estimated value is based upon the latest sale price for the house of £97,950 on 29 Aug 1997. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £97,950 | 29 Aug 1997 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 August 1997 the House Price Index for SUFFOLK was 29.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 407.526%.Applying this 407.526% change to the original purchase price of £97,950 results in an estimated price of approximately £497,122.
| 29 Aug 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 149.7 | 407.526 % | £97,950 | £399,172 | £497,122 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 447.729 % | £438,550 | £536,500 |
| 3 Month Average | 398.839 % | £390,662 | £488,612 |
| 6 Month Average | 390.222 % | £382,222 | £480,172 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £266,772 | £260,000 | 31 MARGATE ROAD |
| 14 Mar 2023 | £249,161 | £245,000 | 459 FELIXSTOWE ROAD |
| 8 Apr 2022 | £217,859 | £210,000 | 3 REIGATE CLOSE |
| 25 Mar 2022 | £354,937 | £340,000 | 57 RAMSGATE DRIVE |
| 26 Jan 2022 | £227,943 | £215,000 | 370 FELIXSTOWE ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 23 Dec 2015. Using an estimated price of £497,122 means this house is valued at £5,288 per sq meter (£491 per sq foot).
The average size of a house on MARGATE ROAD is 101 sq meters (1,097 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Reigate Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hillside Crescent |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Badshah Avenue |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Badshah Avenue |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Badshah Avenue |