£317,213
This estimated value is based upon the latest sale price for the house of £320,000 on 6 Jan 2023. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £320,000 | 6 Jan 2023 |
| £249,000 | 2 Feb 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 January 2023 the House Price Index for SUFFOLK was 149.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.871%.Applying this -0.871% change to the original purchase price of £320,000 results in an estimated price of approximately £317,213.
| 6 Jan 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.3 | 148.0 | -0.871 % | £320,000 | £-2,786 | £317,213 |
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 | 17.089 % | £54,686 | £374,686 |
| 3 Month Average | -7.125 % | £-22,800 | £297,199 |
| 6 Month Average | -3.130 % | £-10,017 | £309,982 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £316,927 | £315,000 | 75 DEREHAM AVENUE |
| 14 Feb 2023 | £278,682 | £280,000 | 34 MERSEY ROAD |
| 6 Jan 2023 | £317,214 | £320,000 | 40 MERSEY ROAD |
| 5 Sep 2022 | £352,216 | £356,500 | 35 SEVERN ROAD |
| 12 Aug 2022 | £318,846 | £321,000 | 31 DEREHAM AVENUE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 4 Oct 2017. Using an estimated price of £317,214 means this house is valued at £3,688 per sq meter (£342 per sq foot).
The average size of a house on MERSEY ROAD is 113 sq meters (1,222 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Dereham Avenue |
| Mar 2024 | Vehicle crime | Under investigation | On or near Medway Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Medway Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Medway Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Medway Road |