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|£600,000||27 Sep 2018|
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 September 2018 the House Price Index for SUFFOLK was 125.7.The House Price Index as of 1 Dec 2019 is 127.4 which is a change of 1.343%.
Applying this 1.343% change to the original purchase price of £600,000 gives us an estimated price now of around £608,056.
|27 Sep 2018||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the NR32 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||19.173 %||£115,038||£715,038|
|3 Month Average||6.802 %||£40,812||£640,812|
|6 Month Average||18.822 %||£112,934||£712,934|
|Date||Current Estimated Value||Price Paid||Address|
|16 Jan 2020||£140,000||£140,000||26 EASTERN WAY|
|6 Dec 2019||£265,000||£265,000||23 FIELDVIEW DRIVE|
|5 Sep 2019||£269,845||£268,000||18 FIELDVIEW DRIVE|
|4 Sep 2019||£246,686||£245,000||7 ROBIN HILL|
|28 Aug 2019||£232,184||£230,000||43 NORMANSTON DRIVE|