£269,100
This estimated value is based upon the latest sale price for the house of £216,000 on 5 Apr 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £216,000 | 5 Apr 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 April 2019 the House Price Index for SUFFOLK was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £216,000 results in an estimated price of approximately £269,100.
| 5 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £216,000 | £53,100 | £269,100 |
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 | 47.751 % | £103,142 | £319,142 |
| 3 Month Average | 8.552 % | £18,471 | £234,471 |
| 6 Month Average | 5.434 % | £11,737 | £227,737 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2024 | £291,000 | £291,000 | 46 MERSEY ROAD |
| 10 Oct 2023 | £409,296 | £400,000 | 65 MEDWAY ROAD |
| 29 Sep 2023 | £368,115 | £360,000 | 5 DERWENT ROAD |
| 18 Aug 2023 | £320,786 | £315,000 | 75 DEREHAM AVENUE |
| 28 Apr 2023 | £244,575 | £240,000 | 93 MEDWAY ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 31 Oct 2018. Using an estimated price of £269,100 means this house is valued at £3,406 per sq meter (£316 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 |