£268,038
This estimated value is based upon the latest sale price for the house of £95,000 on 31 Jul 2002. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £95,000 | 31 Jul 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 822 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 July 2002 the House Price Index for SUFFOLK was 53.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 182.145%.Applying this 182.145% change to the original purchase price of £95,000 results in an estimated price of approximately £268,038.
| 31 Jul 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 149.7 | 182.145 % | £95,000 | £173,038 | £268,038 |
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 | 147.723 % | £140,336 | £235,336 |
| 3 Month Average | 162.412 % | £154,291 | £249,291 |
| 6 Month Average | 202.449 % | £192,326 | £287,326 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £216,657 | £210,000 | 19 VINCENT CLOSE |
| 5 Sep 2023 | £240,297 | £235,000 | 9 VINCENT CLOSE |
| 26 Jun 2023 | £234,703 | £230,000 | 72 WALLACE ROAD |
| 25 Nov 2022 | £174,186 | £175,000 | 80 WALLACE ROAD |
| 15 Jul 2022 | £202,024 | £200,000 | 118 WALLACE ROAD |
This house has a floor area of 76 sq meters or 822 sq feet when measured on 30 Mar 2012. Using an estimated price of £268,038 means this house is valued at £3,508 per sq meter (£325 per sq foot).
The average size of a house on WALLACE ROAD is 73 sq meters (790 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 |