£621,142
This estimated value is based upon the latest sale price for the house of £475,000 on 21 Oct 2016. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £475,000 | 21 Oct 2016 |
| £108,000 | 13 Mar 1996 |
| Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 October 2016 the House Price Index for NORFOLK was 112.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.767%.Applying this 30.767% change to the original purchase price of £475,000 results in an estimated price of approximately £621,142.
| 21 Oct 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 146.7 | 30.767 % | £475,000 | £146,142 | £621,142 |
The Postcode Pricing Model uses changes in average sales price within the NR18 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 | 25.642 % | £121,798 | £596,798 |
| 3 Month Average | 22.401 % | £106,405 | £581,405 |
| 6 Month Average | 28.772 % | £136,665 | £611,665 |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 24 May 2016.
The average size of a house on CHAPEL LANE is 143 sq meters (1,549 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Frogshall Lane |
| Mar 2024 | Anti-social behaviour | On or near Banister Way | |
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near Poynt Close |
| Dec 2023 | Anti-social behaviour | On or near Applegarth | |
| Dec 2023 | Anti-social behaviour | On or near Applegarth |