£150,405
This estimated value is based upon the latest sale price for the house of £30,500 on 16 Dec 1997. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £30,500 | 16 Dec 1997 |
| Terraced |
| Freehold |
| Floor Area: 49 sq meters or 527 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 December 1997 the House Price Index for SUFFOLK was 30.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 393.133%.Applying this 393.133% change to the original purchase price of £30,500 results in an estimated price of approximately £150,405.
| 16 Dec 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.4 | 149.7 | 393.133 % | £30,500 | £119,905 | £150,405 |
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 | 328.607 % | £100,225 | £130,725 |
| 3 Month Average | 382.912 % | £116,788 | £147,288 |
| 6 Month Average | 323.284 % | £98,601 | £129,101 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Feb 2023 | £251,681 | £250,000 | 89 HERVEY STREET |
| 11 Nov 2022 | £204,046 | £205,000 | 12 HERVEY STREET |
| 1 Aug 2022 | £150,705 | £150,000 | 18 HERVEY STREET |
| 20 Jun 2022 | £488,441 | £478,000 | 74 CHRISTCHURCH STREET |
| 17 Jun 2022 | £95,031 | £93,000 | FLAT 4 92 CHRISTCHURCH STREET |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 24 Jul 2018. Using an estimated price of £150,406 means this house is valued at £3,069 per sq meter (£285 per sq foot).
The average size of a house on HERVEY STREET is 81 sq meters (882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Drugs | Under investigation | On or near Hervey Street |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Christchurch Street |