£271,670
This estimated value is based upon the latest sale price for the house of £220,000 on 25 Sep 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £220,000 | 25 Sep 2018 |
| £191,000 | 27 Oct 2011 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 969 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 September 2018 the House Price Index for SUFFOLK was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £220,000 results in an estimated price of approximately £271,670.
| 25 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £220,000 | £51,670 | £271,670 |
The Postcode Pricing Model uses changes in average sales price within the IP4 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 | 18.605 % | £40,931 | £260,931 |
| 3 Month Average | -9.648 % | £-21,226 | £198,773 |
| 6 Month Average | 11.365 % | £25,003 | £245,003 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Aug 2023 | £196,721 | £195,000 | 9 LANCASTER ROAD |
| 14 Jul 2023 | £283,820 | £280,000 | 15 GRANGE ROAD |
| 24 Feb 2023 | £241,837 | £242,000 | 45 OXFORD ROAD |
| 27 Jan 2023 | £199,062 | £200,000 | 13 SPRING ROAD |
| 26 Jan 2023 | £246,837 | £248,000 | 188 ST HELENS STREET |
This house has a floor area of 90 sq meters or 969 sq feet when measured on 4 Aug 2011.
The average size of a house on GROVE LANE is 101 sq meters (1,097 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oxford Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oxford Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oxford Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Oxford Road |
| Mar 2024 | Other theft | Under investigation | On or near Grange Road |