£222,027
This estimated value is based upon the latest sale price for the house of £150,000 on 24 Apr 2015. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £150,000 | 24 Apr 2015 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 April 2015 the House Price Index for SUFFOLK was 101.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.018%.Applying this 48.018% change to the original purchase price of £150,000 results in an estimated price of approximately £222,027.
| 24 Apr 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 149.7 | 48.018 % | £150,000 | £72,027 | £222,027 |
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 | 34.528 % | £51,792 | £201,792 |
| 3 Month Average | 42.409 % | £63,612 | £213,612 |
| 6 Month Average | 61.189 % | £91,783 | £241,783 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Oct 2023 | £92,092 | £90,000 | FLAT 2 336 NORWICH ROAD |
| 23 Jun 2023 | £257,153 | £252,000 | 17 MORNINGTON AVENUE |
| 24 Jan 2023 | £290,777 | £290,000 | 20 KENSINGTON ROAD |
| 2 Sep 2022 | £268,571 | £268,750 | 20 MORNINGTON AVENUE |
| 1 Apr 2022 | £228,233 | £220,000 | 328C NORWICH ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 14 Jan 2015. Using an estimated price of £222,027 means this house is valued at £2,581 per sq meter (£239 per sq foot).
The average size of a house on MORNINGTON AVENUE is 98 sq meters (1,057 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mornington Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kensington Road |
| Aug 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Silverdale Close |
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Supermarket |