£61,016
This estimated value is based upon the latest sale price for the house of £50,000 on 8 May 2019. This value is then adjusted by the current Official House Price Index for NORFOLK 1
There has been one burglary within the last year on or near Steam Mill Lane
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| Price Paid | Date |
|---|---|
| £50,000 | 8 May 2019 |
| £62,000 | 5 May 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in May 2019 the House Price Index for NORFOLK was 120.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.033%.Applying this 22.033% change to the original purchase price of £50,000 results in an estimated price of approximately £61,016.
| 8 May 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 146.7 | 22.033 % | £50,000 | £11,016 | £61,016 |
The Postcode Pricing Model uses changes in average sales price within the NR31 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 | 52.459 % | £26,229 | £76,229 |
| 3 Month Average | 3.023 % | £1,511 | £51,511 |
| 6 Month Average | 12.902 % | £6,451 | £56,451 |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 22 Oct 2013.
The average size of a house on SOUTHTOWN ROAD is 118 sq meters (1,271 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Steam Mill Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Steam Mill Lane |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Steam Mill Lane |
| Mar 2024 | Anti-social behaviour | On or near Beavans Court | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Beavans Court |