£280,110
This estimated value is based upon the latest sale price for the house of £273,000 on 14 Nov 2023. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £273,000 | 14 Nov 2023 |
| £182,000 | 29 Jun 2012 |
| £88,000 | 1 May 2001 |
| £59,500 | 20 Nov 1995 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 896 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 2023 the House Price Index for NORFOLK was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £273,000 results in an estimated price of approximately £280,110.
| 14 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £273,000 | £7,110 | £280,110 |
The Postcode Pricing Model uses changes in average sales price within the NR18 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 | -1.747 % | £-4,768 | £268,231 |
| 3 Month Average | -0.109 % | £-296 | £272,703 |
| 6 Month Average | 3.442 % | £9,397 | £282,397 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2024 | £395,000 | £395,000 | 16 GAYNOR CLOSE |
| 10 May 2024 | £300,000 | £300,000 | 3 MADEN CLOSE |
| 27 Nov 2023 | £266,772 | £260,000 | 39 BANISTER WAY |
| 14 Nov 2023 | £280,110 | £273,000 | 9 BANISTER WAY |
| 26 Sep 2023 | £224,959 | £220,000 | 28 PALM CLOSE |
This house has a floor area of 83 sq meters or 896 sq feet when measured on 7 Oct 2011. Using an estimated price of £280,110 means this house is valued at £3,364 per sq meter (£312 per sq foot).
The average size of a house on BANISTER WAY is 74 sq meters (806 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Sawmill Close |
| Jun 2024 | Public order | Under investigation | On or near Poynt Close |
| Sep 2024 | Public order | Unable to prosecute suspect | On or near Northfield Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melton Gate |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bainards Close |