£244,408
This estimated value is based upon the latest sale price for the house of £240,000 on 10 Aug 2023. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £240,000 | 10 Aug 2023 |
| £165,000 | 26 Aug 2016 |
| £190,000 | 3 Mar 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 32 sq meters or 344 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 August 2023 the House Price Index for NORFOLK was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £240,000 results in an estimated price of approximately £244,408.
| 10 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £240,000 | £4,408 | £244,408 |
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 | 23.504 % | £56,409 | £296,409 |
| 3 Month Average | -11.702 % | £-28,084 | £211,915 |
| 6 Month Average | -2.787 % | £-6,687 | £233,312 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2024 | £321,000 | £321,000 | 6 KING STREET |
| 8 Dec 2023 | £255,862 | £248,000 | 5 HUGH WAY |
| 8 Sep 2023 | £204,508 | £200,000 | 8 KING STREET |
| 10 Aug 2023 | £244,408 | £240,000 | 2 TANNER STREET |
| 2 Aug 2023 | £254,592 | £250,000 | 26A KING STREET |
This house has a floor area of 32 sq meters or 344 sq feet when measured on 26 Oct 2018. Using an estimated price of £244,408 means this house is valued at £7,637 per sq meter (£709 per sq foot).