£286,507
This estimated value is based upon the latest sale price for the house of £280,000 on 12 Oct 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £280,000 | 12 Oct 2023 |
| £240,000 | 14 Feb 2020 |
| £96,000 | 15 Mar 2002 |
| £62,000 | 18 Jun 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 October 2023 the House Price Index for SUFFOLK was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £280,000 results in an estimated price of approximately £286,507.
| 12 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £280,000 | £6,507 | £286,507 |
The Postcode Pricing Model uses changes in average sales price within the IP11 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 | -29.025 % | £-81,270 | £198,729 |
| 3 Month Average | -14.868 % | £-41,631 | £238,368 |
| 6 Month Average | -10.489 % | £-29,370 | £250,629 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Oct 2023 | £286,507 | £280,000 | 55 MELFORD WAY |
| 1 Sep 2023 | £230,072 | £225,000 | 19 WESEL AVENUE |
| 19 Jun 2023 | £204,090 | £200,000 | 87 MELFORD WAY |
| 12 Jun 2023 | £239,806 | £235,000 | 85 MELFORD WAY |
| 5 Jun 2023 | £234,703 | £230,000 | 16 CULFORD WALK |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 6 Nov 2015. Using an estimated price of £286,507 means this house is valued at £3,581 per sq meter (£332 per sq foot).
The average size of a house on MELFORD WAY is 82 sq meters (889 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Melford Way |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Glemsford Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cloncurry Gardens |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cloncurry Gardens |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Thurston Court |