£316,089
This estimated value is based upon the latest sale price for the house of £187,500 on 28 May 2013. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £187,500 | 28 May 2013 |
| £89,950 | 21 Jan 2000 |
| £73,000 | 22 May 1998 |
| Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 2013 the House Price Index for NORFOLK was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.581%.Applying this 68.581% change to the original purchase price of £187,500 results in an estimated price of approximately £316,089.
| 28 May 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.581 % | £187,500 | £128,589 | £316,089 |
The Postcode Pricing Model uses changes in average sales price within the NR6 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 | 51.418 % | £96,408 | £283,908 |
| 3 Month Average | 57.046 % | £106,962 | £294,462 |
| 6 Month Average | 64.467 % | £120,875 | £308,375 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Mar 2024 | £230,542 | £227,000 | 17 MERCHANT WAY |
| 15 Dec 2023 | £211,499 | £205,000 | 8 MERCHANT WAY |
| 17 Nov 2023 | £184,688 | £180,000 | 17 VERA ROAD |
| 20 Sep 2023 | £214,734 | £210,000 | 7 MERCHANT WAY |
| 8 Sep 2023 | £176,900 | £173,000 | 24 MERCHANT WAY |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 8 Aug 2012. Using an estimated price of £316,089 means this house is valued at £2,772 per sq meter (£257 per sq foot).
The average size of a house on VERA ROAD is 110 sq meters (1,189 sq feet).
This house is the largest in the street with a floor area of 114 sq meters (1,227 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Vera Road | |
| Aug 2024 | Anti-social behaviour | On or near Vera Road | |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vera Road |
| Aug 2024 | Anti-social behaviour | On or near Vera Road | |
| Aug 2024 | Vehicle crime | Unable to prosecute suspect | On or near Merchant Way |