£138,560
This estimated value is based upon the latest sale price for the house of £120,000 on 25 Nov 2020. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £120,000 | 25 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 November 2020 the House Price Index for NORFOLK was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £120,000 results in an estimated price of approximately £138,560.
| 25 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £120,000 | £18,560 | £138,560 |
The Postcode Pricing Model uses changes in average sales price within the IP24 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 | 38.553 % | £46,264 | £166,264 |
| 3 Month Average | 12.307 % | £14,768 | £134,768 |
| 6 Month Average | 12.012 % | £14,414 | £134,414 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £234,435 | £230,000 | 43 FIR ROAD |
| 7 Aug 2023 | £206,254 | £205,000 | 30 ELM ROAD |
| 28 Apr 2023 | £189,408 | £188,000 | 6 ROWAN CLOSE |
| 21 Apr 2023 | £196,460 | £195,000 | 23 FIR ROAD |
| 31 Mar 2023 | £193,546 | £192,500 | 6 BEECH CLOSE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 10 Sep 2020. Using an estimated price of £138,561 means this house is valued at £1,443 per sq meter (£134 per sq foot).
The average size of a house on ELM ROAD is 85 sq meters (921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fir Road |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Fir Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fir Road |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Fir Road |
| Apr 2024 | Criminal damage and arson | Awaiting court outcome | On or near Fir Road |