£360,304
This estimated value is based upon the latest sale price for the house of £280,000 on 4 May 2017. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£280,000 | 4 May 2017 |
Terraced |
Freehold |
Floor Area: 106 sq meters or 1,140 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 May 2017 the House Price Index for SUFFOLK was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £280,000 results in an estimated price of approximately £360,304.
4 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
115.5 | 148.6 | 28.680 % | £280,000 | £80,304 | £360,304 |
The Postcode Pricing Model uses changes in average sales price within the IP11 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 | 53.637 % | £150,184 | £430,184 |
3 Month Average | 40.369 % | £113,032 | £393,032 |
6 Month Average | 33.227 % | £93,034 | £373,034 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Sep 2023 | £411,930 | £406,663 | 12 SUMMIT BUSINESS PARK |
24 Jul 2023 | £220,974 | £218,000 | 21 ORFORD ROAD |
30 Mar 2023 | £460,203 | £455,867 | MARTELLO PARK BEACH CAFE ORFORD ROAD |
16 Jan 2023 | £313,523 | £315,000 | 18 ORFORD ROAD |
13 Jan 2023 | £323,476 | £325,000 | 13 MANOR TERRACE |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 26 Jun 2015. Using an estimated price of £360,305 means this house is valued at £3,399 per sq meter (£315 per sq foot).
The average size of a house on OLD FORT ROAD is 119 sq meters (1,290 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Old Fort Road |
Mar 2024 | Drugs | Under investigation | On or near Old Fort Road |
Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Parking Area |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Parking Area |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Manor Road |