£585,346
This estimated value is based upon the latest sale price for the house of £475,000 on 26 Oct 2018. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £475,000 | 26 Oct 2018 |
| Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 October 2018 the House Price Index for NORFOLK was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £475,000 results in an estimated price of approximately £585,346.
| 26 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £475,000 | £110,346 | £585,346 |
The Postcode Pricing Model uses changes in average sales price within the NR18 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 | 36.554 % | £173,632 | £648,632 |
| 3 Month Average | 18.452 % | £87,646 | £562,646 |
| 6 Month Average | 22.658 % | £107,623 | £582,623 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £325,699 | £320,000 | 21 VIMY RIDGE |
| 16 Nov 2023 | £378,098 | £372,500 | 64 FOLLY ROAD |
| 20 Apr 2023 | £323,483 | £320,000 | 5 CHOSELEY COURT |
| 6 Jan 2023 | £333,429 | £335,000 | 2 VIMY RIDGE |
| 8 Jul 2022 | £328,885 | £328,000 | 5 FOLLY GARDENS |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 29 Mar 2017. Using an estimated price of £585,347 means this house is valued at £4,241 per sq meter (£394 per sq foot).
The average size of a house on NORWICH ROAD is 130 sq meters (1,403 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Postmill Close |
| Mar 2024 | Anti-social behaviour | On or near Postmill Close | |
| Jan 2024 | Anti-social behaviour | On or near Postmill Close | |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Postmill Close |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Postmill Close |