£508,065
This estimated value is based upon the latest sale price for the house of £325,000 on 28 Feb 2014. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £325,000 | 28 Feb 2014 |
| £370,000 | 13 Feb 2007 |
| £425,000 | 16 Dec 2004 |
| Flats/Maisonettes |
| Leasehold |
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 February 2014 the House Price Index for SUFFOLK was 93.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 56.328%.Applying this 56.328% change to the original purchase price of £325,000 results in an estimated price of approximately £508,065.
| 28 Feb 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 146.7 | 56.328 % | £325,000 | £183,065 | £508,065 |
The Postcode Pricing Model uses changes in average sales price within the IP1 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 | 31.379 % | £101,980 | £426,980 |
| 3 Month Average | 40.326 % | £131,059 | £456,059 |
| 6 Month Average | 56.916 % | £184,975 | £509,975 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Friars Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Nicholas Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near St Nicholas Street |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near St Nicholas Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cromwell Square |