£428,735
This estimated value is based upon the latest sale price for the house of £345,000 on 10 Dec 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£345,000 | 10 Dec 2018 |
£300,000 | 27 Jun 2014 |
Detached |
Freehold |
Floor Area: 131 sq meters or 1,410 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 2018 the House Price Index for SUFFOLK was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £345,000 results in an estimated price of approximately £428,735.
10 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 149.7 | 24.271 % | £345,000 | £83,735 | £428,735 |
The Postcode Pricing Model uses changes in average sales price within the IP4 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 | 39.312 % | £135,627 | £480,627 |
3 Month Average | 21.397 % | £73,819 | £418,819 |
6 Month Average | -2.715 % | £-9,368 | £335,631 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Mar 2024 | £157,419 | £155,000 | 135 MERIDIAN RISE |
12 Mar 2024 | £304,681 | £300,000 | 89 MERIDIAN RISE |
28 Feb 2023 | £296,984 | £295,000 | 43 MERIDIAN RISE |
18 Nov 2022 | £263,767 | £265,000 | 11 MERIDIAN RISE |
26 Aug 2022 | £150,705 | £150,000 | 123 MERIDIAN RISE |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 1 May 2013. Using an estimated price of £428,735 means this house is valued at £3,272 per sq meter (£304 per sq foot).
The average size of a house on MERIDIAN RISE is 85 sq meters (925 sq feet).