£1,081,711
This estimated value is based upon the latest sale price for the house of £241,337 on 1 Mar 1999. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There has been one burglary within the last year on or near Malthouse Lane
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| Price Paid | Date |
|---|---|
| £241,337 | 1 Mar 1999 |
| £41,500 | 30 Oct 1998 |
| Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 March 1999 the House Price Index for SUFFOLK was 33.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 348.216%.Applying this 348.216% change to the original purchase price of £241,337 results in an estimated price of approximately £1,081,711.
| 1 Mar 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.2 | 148.6 | 348.216 % | £241,337 | £840,374 | £1,081,711 |
The Postcode Pricing Model uses changes in average sales price within the IP32 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 | 125.447 % | £302,749 | £544,086 |
| 3 Month Average | 242.400 % | £585,001 | £826,338 |
| 6 Month Average | 292.504 % | £705,920 | £947,257 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £289,283 | £285,000 | 87 HARLAND COURT STATION HILL |
| 15 Sep 2023 | £278,562 | £275,000 | 113 HARLAND COURT STATION HILL |
| 24 Jul 2023 | £293,956 | £290,000 | 88 MALTINGS WAY |
| 12 Jul 2023 | £280,779 | £277,000 | 98 HARLAND COURT STATION HILL |
| 9 Jun 2023 | £187,268 | £185,000 | 18 FORUM COURT |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 24 May 2018. Using an estimated price of £1,081,712 means this house is valued at £9,325 per sq meter (£866 per sq foot).
The average size of a house on FORNHAM ROAD is 121 sq meters (1,305 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Malthouse Lane |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Malthouse Lane |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Malthouse Lane |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Malthouse Lane |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |