£214,733
This estimated value is based upon the latest sale price for the house of £210,000 on 20 Sep 2023. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £210,000 | 20 Sep 2023 |
| £175,000 | 22 Jan 2020 |
| £180,000 | 12 May 2017 |
| £140,000 | 25 Oct 2013 |
| £66,000 | 27 Oct 2000 |
| Detached |
| Leasehold |
| Floor Area: 54 sq meters or 581 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in September 2023 the House Price Index for NORFOLK was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £210,000 results in an estimated price of approximately £214,733.
| 20 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £210,000 | £4,733 | £214,733 |
The Postcode Pricing Model uses changes in average sales price within the NR6 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 | 4.782 % | £10,042 | £220,042 |
| 3 Month Average | 3.757 % | £7,888 | £217,888 |
| 6 Month Average | 0.565 % | £1,187 | £211,187 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £290,000 | £290,000 | 23 OVERBURY ROAD |
| 19 Mar 2024 | £230,542 | £227,000 | 17 MERCHANT WAY |
| 15 Dec 2023 | £211,499 | £205,000 | 8 MERCHANT WAY |
| 20 Sep 2023 | £214,734 | £210,000 | 7 MERCHANT WAY |
| 8 Sep 2023 | £176,900 | £173,000 | 24 MERCHANT WAY |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 7 Aug 2013. Using an estimated price of £214,734 means this house is valued at £3,976 per sq meter (£369 per sq foot).
The average size of a house on MERCHANT WAY is 52 sq meters (563 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Unable to prosecute suspect | On or near Merchant Way |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vera Road |
| Aug 2024 | Anti-social behaviour | On or near Vera Road | |
| Aug 2024 | Anti-social behaviour | On or near Vera Road | |
| Aug 2024 | Anti-social behaviour | On or near Vera Road |