£301,985
This estimated value is based upon the latest sale price for the house of £250,000 on 28 Aug 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £250,000 | 28 Aug 2020 |
| Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 August 2020 the House Price Index for SUFFOLK was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £250,000 results in an estimated price of approximately £301,985.
| 28 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £250,000 | £51,985 | £301,985 |
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 | -4.501 % | £-11,252 | £238,747 |
| 3 Month Average | -18.406 % | £-46,015 | £203,984 |
| 6 Month Average | -4.512 % | £-11,281 | £238,718 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £353,986 | £345,000 | 74 MELBOURNE ROAD |
| 2 Nov 2023 | £357,064 | £348,000 | 31 MELBOURNE ROAD |
| 14 Aug 2023 | £534,643 | £525,000 | 32 MELBOURNE ROAD |
| 7 Jun 2023 | £285,726 | £280,000 | 25 TASMANIA ROAD |
| 24 Jan 2023 | £363,973 | £363,000 | 16 TASMANIA ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 17 Jun 2019. Using an estimated price of £301,986 means this house is valued at £4,440 per sq meter (£412 per sq foot).
The average size of a house on MELBOURNE ROAD is 106 sq meters (1,141 sq feet).
This house is the smallest in the street with a floor area of 68 sq meters (731 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Adelaide Road | |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Adelaide Road |
| Jun 2024 | Anti-social behaviour | On or near Adelaide Road | |
| Jun 2024 | Vehicle crime | Unable to prosecute suspect | On or near Adelaide Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Road |