£192,129
This estimated value is based upon the latest sale price for the house of £140,000 on 21 Jan 2016. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £140,000 | 21 Jan 2016 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 January 2016 the House Price Index for NORFOLK was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £140,000 results in an estimated price of approximately £192,129.
| 21 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £140,000 | £52,129 | £192,129 |
The Postcode Pricing Model uses changes in average sales price within the IP24 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 | 21.129 % | £29,580 | £169,580 |
| 3 Month Average | 46.384 % | £64,938 | £204,938 |
| 6 Month Average | 34.461 % | £48,245 | £188,245 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £160,000 | £160,000 | 13 MELFORD COMMON |
| 7 Aug 2023 | £196,721 | £195,000 | 1 NORFOLK ROAD |
| 31 Jul 2023 | £126,705 | £125,000 | 74 MELFORD BRIDGE ROAD |
| 24 Mar 2023 | £151,427 | £150,000 | 7 MELFORD COMMON |
| 13 Mar 2023 | £191,807 | £190,000 | 92 MAGDALEN STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 13 Jul 2015. Using an estimated price of £192,130 means this house is valued at £2,784 per sq meter (£258 per sq foot).
The average size of a house on NORFOLK ROAD is 82 sq meters (885 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Melford Bridge Road | |
| Dec 2023 | Anti-social behaviour | On or near Melford Bridge Road | |
| Dec 2023 | Anti-social behaviour | On or near Melford Bridge Road | |
| Dec 2023 | Anti-social behaviour | On or near Melford Bridge Road | |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Norfolk Road |