£1,075,978
This estimated value is based upon the latest sale price for the house of £900,000 on 26 Jun 2020. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £900,000 | 26 Jun 2020 |
| Detached |
| Freehold |
| Floor Area: 153 sq meters or 1,646 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 2020 the House Price Index for SUFFOLK was 122.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 19.553%.Applying this 19.553% change to the original purchase price of £900,000 results in an estimated price of approximately £1,075,978.
| 26 Jun 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 146.7 | 19.553 % | £900,000 | £175,978 | £1,075,978 |
The Postcode Pricing Model uses changes in average sales price within the IP15 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 | -2.688 % | £-24,194 | £875,805 |
| 3 Month Average | 62.449 % | £562,045 | £1,462,045 |
| 6 Month Average | 33.541 % | £301,864 | £1,201,864 |
This house has a floor area of 153 sq meters or 1,646 sq feet when measured on 22 Aug 2018.
The average size of a house on THE TERRACE is 191 sq meters (2,064 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lee Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lee Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near King Street |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Market Cross Place |