£277,032
This estimated value is based upon the latest sale price for the house of £270,000 on 21 Nov 2023. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £270,000 | 21 Nov 2023 |
| £179,000 | 12 Mar 2010 |
| £105,000 | 30 Oct 2000 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 November 2023 the House Price Index for NORFOLK was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £270,000 results in an estimated price of approximately £277,032.
| 21 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £270,000 | £7,032 | £277,032 |
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 | -9.113 % | £-24,604 | £245,395 |
| 3 Month Average | 4.593 % | £12,402 | £282,402 |
| 6 Month Average | -3.937 % | £-10,630 | £259,369 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £294,525 | £290,000 | 18 REDGATE |
| 30 Nov 2023 | £307,814 | £300,000 | 20 REDGATE |
| 21 Nov 2023 | £277,032 | £270,000 | BRIDGE VIEW GREEN LANE |
| 4 Sep 2023 | £262,793 | £257,000 | 17 REDGATE |
| 23 Jun 2023 | £314,299 | £308,000 | 99 REDGATE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 14 Mar 2016. Using an estimated price of £277,032 means this house is valued at £2,495 per sq meter (£231 per sq foot).
The average size of a house on GREEN LANE is 193 sq meters (2,086 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Green Lane | |
| Aug 2024 | Anti-social behaviour | On or near Green Lane | |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near The Meadows |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Parkview |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Lavender Court |