£382,975
This estimated value is based upon the latest sale price for the house of £220,000 on 28 Jul 2011. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £220,000 | 28 Jul 2011 |
| £117,950 | 9 Jun 2000 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,241 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 2011 the House Price Index for SUFFOLK was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.080%.Applying this 74.080% change to the original purchase price of £220,000 results in an estimated price of approximately £382,975.
| 28 Jul 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.080 % | £220,000 | £162,975 | £382,975 |
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 | 86.846 % | £191,060 | £411,060 |
| 3 Month Average | 115.049 % | £253,107 | £473,107 |
| 6 Month Average | 92.387 % | £203,251 | £423,251 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £397,205 | £385,000 | 8 RILEY CLOSE |
| 21 Feb 2023 | £271,816 | £270,000 | 14 RILEY CLOSE |
| 2 Feb 2023 | £437,925 | £435,000 | 10 ASTON CLOSE |
| 24 Jan 2023 | £411,098 | £410,000 | 1 JAGUAR CLOSE |
| 27 Oct 2022 | £217,274 | £218,000 | 11 DAIMLER ROAD |
This house has a floor area of 115 sq meters or 1,241 sq feet when measured on 9 Aug 2010. Using an estimated price of £382,975 means this house is valued at £3,319 per sq meter (£308 per sq foot).
The average size of a house on RILEY CLOSE is 128 sq meters (1,383 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Daimler Road | |
| May 2024 | Anti-social behaviour | On or near Daimler Road | |
| May 2024 | Anti-social behaviour | On or near Daimler Road | |
| May 2024 | Anti-social behaviour | On or near Daimler Road | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Lagonda Drive |