£159,789
This estimated value is based upon the latest sale price for the house of £120,000 on 20 Jul 2016. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £120,000 | 20 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 802 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 July 2016 the House Price Index for NORFOLK was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £120,000 results in an estimated price of approximately £159,789.
| 20 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £120,000 | £39,789 | £159,789 |
The Postcode Pricing Model uses changes in average sales price within the PE38 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 | 42.020 % | £50,423 | £170,423 |
| 3 Month Average | 31.104 % | £37,325 | £157,325 |
| 6 Month Average | 30.173 % | £36,207 | £156,207 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £288,691 | £285,000 | HILL HOUSE COTTAGE, 16B BRIDGE STREET |
| 31 Aug 2023 | £242,118 | £240,000 | 3 PARADISE ROAD |
| 21 Apr 2023 | £758,163 | £750,000 | THE DOWNHAM MARKET CLUB, 19 PARADISE ROAD |
| 8 Mar 2023 | £403,804 | £400,000 | 13 BRIDGE STREET |
| 27 Feb 2023 | £229,845 | £230,000 | 12 OLD TOWN CLOSE |
This house has a floor area of 74 sq meters or 802 sq feet when measured on 21 Mar 2011. Using an estimated price of £159,789 means this house is valued at £2,141 per sq meter (£198 per sq foot).
The average size of a house on PARADISE ROAD is 71 sq meters (771 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |