£388,047
This estimated value is based upon the latest sale price for the house of £337,500 on 8 Jan 2021. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £337,500 | 8 Jan 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 107 sq meters or 1,151 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 January 2021 the House Price Index for SUFFOLK was 130.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 14.977%.Applying this 14.977% change to the original purchase price of £337,500 results in an estimated price of approximately £388,047.
| 8 Jan 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.2 | 149.7 | 14.977 % | £337,500 | £50,547 | £388,047 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 4.327 % | £14,604 | £352,104 |
| 3 Month Average | 3.370 % | £11,372 | £348,872 |
| 6 Month Average | 1.612 % | £5,439 | £342,939 |