£396,023
This estimated value is based upon the latest sale price for the house of £317,500 on 17 May 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £317,500 | 17 May 2018 |
| £275,000 | 17 Oct 2014 |
| Detached |
| Freehold |
| Floor Area: 151 sq meters or 1,625 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 May 2018 the House Price Index for SUFFOLK was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £317,500 results in an estimated price of approximately £396,023.
| 17 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £317,500 | £78,523 | £396,023 |
The Postcode Pricing Model uses changes in average sales price within the IP4 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 | 39.911 % | £126,716 | £444,216 |
| 3 Month Average | 13.209 % | £41,939 | £359,439 |
| 6 Month Average | 25.202 % | £80,016 | £397,516 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jul 2023 | £283,820 | £280,000 | 65 MERIDIAN RISE |
| 28 Feb 2023 | £294,802 | £295,000 | 43 MERIDIAN RISE |
| 18 Nov 2022 | £261,828 | £265,000 | 11 MERIDIAN RISE |
| 26 Aug 2022 | £149,597 | £150,000 | 123 MERIDIAN RISE |
| 28 Jul 2022 | £235,634 | £235,000 | 45 MERIDIAN RISE |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 8 Sep 2014. Using an estimated price of £396,024 means this house is valued at £2,622 per sq meter (£243 per sq foot).
The average size of a house on MERIDIAN RISE is 85 sq meters (925 sq feet).