£198,581
This estimated value is based upon the latest sale price for the house of £195,000 on 8 Aug 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £195,000 | 8 Aug 2023 |
| £167,000 | 5 May 2017 |
| £144,500 | 18 Dec 2015 |
| £64,950 | 23 Nov 2001 |
| £47,000 | 9 Aug 1999 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 August 2023 the House Price Index for SUFFOLK was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £195,000 results in an estimated price of approximately £198,581.
| 8 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £195,000 | £3,581 | £198,581 |
The Postcode Pricing Model uses changes in average sales price within the IP4 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 | -26.880 % | £-52,415 | £142,584 |
| 3 Month Average | 1.735 % | £3,383 | £198,383 |
| 6 Month Average | -3.393 % | £-6,616 | £188,383 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Aug 2023 | £198,582 | £195,000 | 9 LANCASTER ROAD |
| 14 Apr 2023 | £178,336 | £175,000 | 4 LANCASTER ROAD |
| 21 Mar 2023 | £204,414 | £201,000 | 158 ST HELENS STREET |
| 26 Jan 2023 | £248,664 | £248,000 | 188 ST HELENS STREET |
| 25 Oct 2022 | £214,284 | £215,000 | 14 LANCASTER ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 6 Nov 2015. Using an estimated price of £198,582 means this house is valued at £2,796 per sq meter (£259 per sq foot).
The average size of a house on LANCASTER ROAD is 71 sq meters (774 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Lancaster Road |
| Sep 2024 | Violence and sexual offences | Further investigation is not in the public interest | On or near Lancaster Road |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lancaster Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lancaster Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lancaster Road |