£155,438
This estimated value is based upon the latest sale price for the house of £94,000 on 9 Aug 2013. This value is then adjusted by the current Official House Price Index for NORFOLK 1
There has been one burglary within the last year on or near Old Town Close
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| Price Paid | Date |
|---|---|
| £94,000 | 9 Aug 2013 |
| £105,000 | 11 May 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 649 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 August 2013 the House Price Index for NORFOLK was 89.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 65.360%.Applying this 65.360% change to the original purchase price of £94,000 results in an estimated price of approximately £155,438.
| 9 Aug 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.6 | 65.360 % | £94,000 | £61,438 | £155,438 |
The Postcode Pricing Model uses changes in average sales price within the PE38 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 | 84.566 % | £79,491 | £173,491 |
| 3 Month Average | 56.710 % | £53,307 | £147,307 |
| 6 Month Average | 51.840 % | £48,729 | £142,729 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £288,691 | £285,000 | HILL HOUSE COTTAGE, 16B BRIDGE STREET |
| 31 Aug 2023 | £242,118 | £240,000 | 3 PARADISE ROAD |
| 21 Apr 2023 | £758,163 | £750,000 | THE DOWNHAM MARKET CLUB, 19 PARADISE ROAD |
| 8 Mar 2023 | £403,804 | £400,000 | 13 BRIDGE STREET |
| 27 Feb 2023 | £229,845 | £230,000 | 12 OLD TOWN CLOSE |
This house has a floor area of 60 sq meters or 649 sq feet when measured on 26 May 2009. Using an estimated price of £155,438 means this house is valued at £2,576 per sq meter (£239 per sq foot).
The average size of a house on OLD TOWN CLOSE is 69 sq meters (747 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Old Town Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Old Town Close |
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near High Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |