£305,999
This estimated value is based upon the latest sale price for the house of £262,000 on 6 Nov 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £262,000 | 6 Nov 2020 |
| £174,825 | 10 Apr 2008 |
| £165,000 | 24 Jun 2005 |
| £91,000 | 14 Jun 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 November 2020 the House Price Index for SUFFOLK was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £262,000 results in an estimated price of approximately £305,999.
| 6 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £262,000 | £43,999 | £305,999 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 21.862 % | £57,279 | £319,279 |
| 3 Month Average | 11.398 % | £29,862 | £291,862 |
| 6 Month Average | 7.471 % | £19,573 | £281,573 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Oct 2023 | £409,296 | £400,000 | 65 MEDWAY ROAD |
| 29 Sep 2023 | £368,115 | £360,000 | 5 DERWENT ROAD |
| 27 Jan 2023 | £275,737 | £275,000 | 18 MEDWAY ROAD |
| 13 Jan 2023 | £300,804 | £300,000 | 45 DERWENT ROAD |
| 13 Jul 2022 | £265,662 | £263,000 | 4 MEDWAY ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 19 Nov 2019. Using an estimated price of £305,999 means this house is valued at £3,221 per sq meter (£299 per sq foot).
The average size of a house on MEDWAY ROAD is 100 sq meters (1,085 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Medway Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Medway Road |
| Sep 2024 | Vehicle crime | Under investigation | On or near Medway Road |
| Aug 2024 | Drugs | Local resolution | On or near Trent Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Trent Road |