£617,879
This estimated value is based upon the latest sale price for the house of £600,000 on 26 Apr 2022. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £600,000 | 26 Apr 2022 |
| £600,000 | 26 Apr 2022 |
| Detached |
| Freehold |
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 2022 the House Price Index for SUFFOLK was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £600,000 results in an estimated price of approximately £617,879.
| 26 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £600,000 | £17,879 | £617,879 |
The Postcode Pricing Model uses changes in average sales price within the IP6 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 | 3.821 % | £22,923 | £622,923 |
| 3 Month Average | -5.326 % | £-31,957 | £568,042 |
| 6 Month Average | -8.700 % | £-52,200 | £547,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2022 | £558,981 | £565,000 | GARDEN HOUSE MILL LANE |
| 29 Jul 2022 | £272,734 | £272,000 | 8 HOOD DRIVE |
| 24 Jun 2022 | £811,468 | £800,000 | 15 STOWMARKET ROAD |
| 26 Apr 2022 | £617,879 | £600,000 | THE OLD RECTORY, 1 MILL LANE |
| 25 Apr 2022 | £417,069 | £405,000 | 22 ASPEN CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stowmarket Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Stowmarket Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stowmarket Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mulberry Gardens |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mulberry Gardens |