£144,617
This estimated value is based upon the latest sale price for the house of £85,500 on 6 Dec 2012. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £85,500 | 6 Dec 2012 |
| £53,000 | 12 Jul 1999 |
| Terraced |
| 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 December 2012 the House Price Index for SUFFOLK was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £85,500 results in an estimated price of approximately £144,617.
| 6 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £85,500 | £59,117 | £144,617 |
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 | 109.945 % | £94,002 | £179,502 |
| 3 Month Average | 51.150 % | £43,733 | £129,233 |
| 6 Month Average | 50.699 % | £43,347 | £128,847 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £263,907 | £260,000 | 31 MARGATE ROAD |
| 14 Mar 2023 | £189,283 | £187,500 | 19 KINGS WAY |
| 8 Mar 2023 | £242,283 | £240,000 | 493 FELIXSTOWE ROAD |
| 26 Jan 2023 | £254,800 | £256,000 | 14 HEATHER AVENUE |
| 26 Aug 2022 | £249,328 | £249,999 | 489 FELIXSTOWE ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 20 Dec 2012. Using an estimated price of £144,618 means this house is valued at £1,681 per sq meter (£156 per sq foot).
The average size of a house on KINGS WAY is 95 sq meters (1,028 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Heather Avenue |
| Mar 2024 | Public order | Under investigation | On or near Heather Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heather Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Howe Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Howe Avenue |