£320,997
This estimated value is based upon the latest sale price for the house of £180,000 on 30 Sep 2009. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £180,000 | 30 Sep 2009 |
| £176,000 | 4 Nov 2005 |
| £135,000 | 27 Mar 2002 |
| Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 2009 the House Price Index for SUFFOLK was 83.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 78.332%.Applying this 78.332% change to the original purchase price of £180,000 results in an estimated price of approximately £320,997.
| 30 Sep 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 148.6 | 78.332 % | £180,000 | £140,997 | £320,997 |
The Postcode Pricing Model uses changes in average sales price within the IP3 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 | 99.982 % | £179,967 | £359,967 |
| 3 Month Average | 77.024 % | £138,643 | £318,643 |
| 6 Month Average | 81.282 % | £146,307 | £326,307 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £364,663 | £360,000 | 5 DERWENT ROAD |
| 13 Jan 2023 | £298,593 | £300,000 | 45 DERWENT ROAD |
| 13 Oct 2022 | £489,727 | £495,000 | 2 LEE ROAD |
| 5 Sep 2022 | £353,644 | £356,500 | 35 SEVERN ROAD |
| 25 Jun 2021 | £236,043 | £220,000 | 30 DERWENT ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 29 Jun 2009. Using an estimated price of £320,998 means this house is valued at £2,972 per sq meter (£276 per sq foot).
The average size of a house on DERWENT ROAD is 112 sq meters (1,215 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Theft from the person | Investigation complete; no suspect identified | On or near Derwent Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Severn Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Trent Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Wye Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Medway Road |