£354,605
This estimated value is based upon the latest sale price for the house of £280,000 on 8 Dec 2017. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £280,000 | 8 Dec 2017 |
| £120,000 | 7 Dec 2012 |
| Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 December 2017 the House Price Index for NORFOLK was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £280,000 results in an estimated price of approximately £354,605.
| 8 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £280,000 | £74,605 | £354,605 |
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 | -12.875 % | £-36,049 | £243,950 |
| 3 Month Average | 14.537 % | £40,702 | £320,702 |
| 6 Month Average | 16.429 % | £46,001 | £326,001 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £241,206 | £237,500 | 36 NORFOLK ROAD |
| 30 Nov 2023 | £307,814 | £300,000 | 20 REDGATE |
| 3 Nov 2023 | £328,334 | £320,000 | 89 REDGATE |
| 7 Aug 2023 | £198,582 | £195,000 | 1 NORFOLK ROAD |
| 23 Jun 2023 | £314,299 | £308,000 | 99 REDGATE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 30 Oct 2012. Using an estimated price of £354,605 means this house is valued at £4,791 per sq meter (£445 per sq foot).
The average size of a house on REDGATE is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Norfolk Road | |
| Jul 2024 | Anti-social behaviour | On or near Norfolk Road | |
| Jul 2024 | Anti-social behaviour | On or near Norfolk Road | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Autumn Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Autumn Close |