£325,092
This estimated value is based upon the latest sale price for the house of £265,000 on 12 Dec 2019. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£265,000 | 12 Dec 2019 |
Semi-Detached |
Freehold |
Floor Area: 88 sq meters or 947 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 December 2019 the House Price Index for SUFFOLK was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £265,000 results in an estimated price of approximately £325,092.
12 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.6 | 22.676 % | £265,000 | £60,092 | £325,092 |
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 | -42.783 % | £-113,375 | £151,624 |
3 Month Average | -6.184 % | £-16,386 | £248,613 |
6 Month Average | 5.513 % | £14,608 | £279,608 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Sep 2023 | £293,756 | £290,000 | 43 MIMAS WAY |
23 Jun 2023 | £179,676 | £177,500 | FLAT 14 1 MIMAS WAY |
20 Mar 2023 | £203,921 | £202,000 | 636 BRAMFORD ROAD |
30 Jan 2023 | £193,090 | £194,000 | 46 MIMAS WAY |
20 Oct 2022 | £217,656 | £220,000 | 11 WEAVER CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 14 Nov 2019. Using an estimated price of £325,093 means this house is valued at £3,694 per sq meter (£343 per sq foot).
The average size of a house on MIMAS WAY is 76 sq meters (823 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spinner Close |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Spinner Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Weaver Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Weaver Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Weaver Close |