£156,587
This estimated value is based upon the latest sale price for the house of £155,000 on 30 Jun 2022. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £155,000 | 30 Jun 2022 |
| £97,000 | 27 Aug 2009 |
| £120,000 | 29 May 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 June 2022 the House Price Index for SUFFOLK was 146.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.024%.Applying this 1.024% change to the original purchase price of £155,000 results in an estimated price of approximately £156,587.
| 30 Jun 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.0 | 1.024 % | £155,000 | £1,587 | £156,587 |
The Postcode Pricing Model uses changes in average sales price within the IP2 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 | -7.668 % | £-11,885 | £143,114 |
| 3 Month Average | -19.919 % | £-30,873 | £124,126 |
| 6 Month Average | -2.130 % | £-3,300 | £151,699 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Apr 2023 | £287,134 | £285,000 | 7 GIPPESWYK AVENUE |
| 31 Mar 2023 | £467,527 | £465,000 | 23 GRANTHAM CRESCENT |
| 10 Mar 2023 | £163,383 | £162,500 | FLAT 18 HOWARD HOUSE, 5 GIPPESWYK AVENUE |
| 22 Aug 2022 | £288,054 | £290,000 | 6 GIPPESWYK AVENUE |
| 5 Aug 2022 | £288,054 | £290,000 | 11 GIPPESWYK AVENUE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 7 Sep 2020. Using an estimated price of £156,587 means this house is valued at £1,957 per sq meter (£181 per sq foot).
The average size of a house on GIPPESWYK AVENUE is 89 sq meters (958 sq feet).