£388,362
This estimated value is based upon the latest sale price for the house of £240,000 on 2 Apr 2007. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £240,000 | 2 Apr 2007 |
| £250,000 | 10 Dec 2004 |
| Semi-Detached |
| Leasehold |
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 2007 the House Price Index for SUFFOLK was 92.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.818%.Applying this 61.818% change to the original purchase price of £240,000 results in an estimated price of approximately £388,362.
| 2 Apr 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.5 | 149.7 | 61.818 % | £240,000 | £148,362 | £388,362 |
The Postcode Pricing Model uses changes in average sales price within the IP1 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 | 49.173 % | £118,015 | £358,015 |
| 3 Month Average | 59.790 % | £143,496 | £383,496 |
| 6 Month Average | 75.682 % | £181,636 | £421,636 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 May 2024 | £260,000 | £260,000 | 10 QUEEN STREET |
| 19 Dec 2023 | £123,804 | £120,000 | 7 ST NICHOLAS COURT |
| 9 Oct 2023 | £75,720 | £74,000 | SAXON HOUSE, 1 CROMWELL SQUARE |
| 17 Aug 2023 | £160,393 | £157,500 | 22 FALCON STREET |
| 5 Jun 2023 | £461,243 | £452,000 | 41 ST NICHOLAS STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Friars Street |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Friars Street |
| Oct 2024 | Other theft | Unable to prosecute suspect | On or near St Nicholas Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near St Nicholas Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near St Nicholas Street |