£378,288
This estimated value is based upon the latest sale price for the house of £285,000 on 7 Nov 2016. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £285,000 | 7 Nov 2016 |
| £249,950 | 23 Dec 2005 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,122 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 2016 the House Price Index for NORFOLK was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £285,000 results in an estimated price of approximately £378,288.
| 7 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £285,000 | £93,288 | £378,288 |
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 | -27.477 % | £-78,309 | £206,690 |
| 3 Month Average | 17.327 % | £49,380 | £334,380 |
| 6 Month Average | 20.383 % | £58,091 | £343,091 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £149,393 | £146,000 | 62 SPINDLE DRIVE |
| 7 Sep 2022 | £137,908 | £138,000 | 42 SPINDLE DRIVE |
| 20 May 2022 | £338,827 | £330,000 | 4 GEORGE ROAD |
| 11 Feb 2022 | £290,526 | £275,000 | 122 MALLOW ROAD |
| 5 Jan 2022 | £344,564 | £325,000 | 1 BENET CLOSE |
This house has a floor area of 104 sq meters or 1,122 sq feet when measured on 2 Dec 2011. Using an estimated price of £378,289 means this house is valued at £3,626 per sq meter (£336 per sq foot).
The average size of a house on MALLOW ROAD is 87 sq meters (945 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spindle Drive |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Spindle Drive |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Peter Drive |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Peter Drive |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coltsfoot Way |