£234,703
This estimated value is based upon the latest sale price for the house of £230,000 on 26 Jun 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £230,000 | 26 Jun 2023 |
| £150,000 | 1 Jul 2015 |
| £135,500 | 17 Feb 2006 |
| Terraced |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 June 2023 the House Price Index for SUFFOLK was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £230,000 results in an estimated price of approximately £234,703.
| 26 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £230,000 | £4,703 | £234,703 |
The Postcode Pricing Model uses changes in average sales price within the IP1 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 | -16.642 % | £-38,277 | £191,722 |
| 3 Month Average | -6.094 % | £-14,015 | £215,984 |
| 6 Month Average | 14.249 % | £32,771 | £262,771 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £143,407 | £139,000 | 137 WALLACE ROAD |
| 8 Dec 2023 | £216,657 | £210,000 | 19 VINCENT CLOSE |
| 5 Sep 2023 | £240,297 | £235,000 | 9 VINCENT CLOSE |
| 25 Aug 2023 | £218,949 | £215,000 | 29 VINCENT CLOSE |
| 26 Jun 2023 | £234,703 | £230,000 | 72 WALLACE ROAD |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 14 May 2018. Using an estimated price of £234,703 means this house is valued at £2,023 per sq meter (£187 per sq foot).
The average size of a house on WALLACE ROAD is 73 sq meters (790 sq feet).
This house is the largest in the street with a floor area of 116 sq meters (1,248 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Wallace Road |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wallace Road |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wallace Road |
| Sep 2024 | Criminal damage and arson | Awaiting court outcome | On or near Waveney Road |
| Jul 2024 | Robbery | Under investigation | On or near Brett Close |