£431,383
This estimated value is based upon the latest sale price for the house of £275,000 on 28 Apr 2014. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£275,000 | 28 Apr 2014 |
£119,000 | 6 Jul 2001 |
Detached |
Freehold |
Floor Area: 93 sq meters or 1,001 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 2014 the House Price Index for SUFFOLK was 95.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.867%.Applying this 56.867% change to the original purchase price of £275,000 results in an estimated price of approximately £431,383.
28 Apr 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.4 | 149.7 | 56.867 % | £275,000 | £156,383 | £431,383 |
The Postcode Pricing Model uses changes in average sales price within the IP33 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 | -5.414 % | £-14,887 | £260,112 |
3 Month Average | 28.174 % | £77,479 | £352,479 |
6 Month Average | 22.861 % | £62,867 | £337,867 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Sep 2023 | £562,398 | £550,000 | 125 SOUTHGATE STREET |
7 Sep 2023 | £429,467 | £420,000 | 11 ALICIA COURT SOUTHGATE STREET |
26 Apr 2023 | £169,164 | £166,000 | 15 OAST COURT |
3 Mar 2023 | £305,095 | £300,000 | 49 SOUTHGATE STREET |
20 Jan 2023 | £250,670 | £250,000 | 7 ST BOTOLPHS COURT ST BOTOLPHS LANE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 12 Aug 2014. Using an estimated price of £431,383 means this house is valued at £4,638 per sq meter (£430 per sq foot).
The average size of a house on SOUTHGATE STREET is 86 sq meters (928 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Alicia Court |
Jul 2024 | Other theft | Unable to prosecute suspect | On or near Alicia Court |
Jul 2024 | Drugs | Local resolution | On or near Southgate Street |
Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Regency Place |
Oct 2024 | Bicycle theft | Under investigation | On or near Rockingham Road |