£292,997
This estimated value is based upon the latest sale price for the house of £195,000 on 17 Dec 2014. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £195,000 | 17 Dec 2014 |
| £165,000 | 7 Feb 2013 |
| £107,000 | 22 Jun 2001 |
| 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 SUFFOLK to estimate the market value.
When this house was purchased in December 2014 the House Price Index for SUFFOLK was 99.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.255%.Applying this 50.255% change to the original purchase price of £195,000 results in an estimated price of approximately £292,997.
| 17 Dec 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 149.7 | 50.255 % | £195,000 | £97,997 | £292,997 |
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 | 41.250 % | £80,438 | £275,438 |
| 3 Month Average | 46.598 % | £90,866 | £285,866 |
| 6 Month Average | 61.770 % | £120,451 | £315,451 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Feb 2023 | £281,883 | £280,000 | 51 TOWER MILL ROAD |
| 4 Feb 2022 | £258,832 | £245,000 | 9 MILLERS VIEW |
| 29 Oct 2021 | £278,667 | £250,000 | 5 MILLERS VIEW |
| 30 Sep 2021 | £271,392 | £250,000 | 19 TANNERS VIEW |
| 23 Sep 2021 | £217,114 | £200,000 | 21 DHOBI PLACE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 27 Jun 2012. Using an estimated price of £292,998 means this house is valued at £2,570 per sq meter (£238 per sq foot).
The average size of a house on TOWER MILL ROAD is 78 sq meters (844 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Millers View |
| Oct 2024 | Drugs | Awaiting court outcome | On or near Farina Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Farina Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Farina Close |
| Jul 2024 | Theft from the person | Unable to prosecute suspect | On or near Farina Close |