£313,701
This estimated value is based upon the latest sale price for the house of £224,995 on 11 Dec 2015. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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Price Paid | Date |
---|---|
£224,995 | 11 Dec 2015 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 947 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 2015 the House Price Index for SUFFOLK was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £224,995 results in an estimated price of approximately £313,701.
11 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 149.7 | 39.426 % | £224,995 | £88,706 | £313,701 |
The Postcode Pricing Model uses changes in average sales price within the IP17 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 | 2.890 % | £6,502 | £231,497 |
3 Month Average | 16.085 % | £36,189 | £261,184 |
6 Month Average | 12.043 % | £27,096 | £252,091 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £250,523 | £245,000 | 2 MONTAGU DRIVE |
23 Jun 2023 | £172,201 | £168,750 | 38 FRANKLIN ROAD |
14 Apr 2023 | £315,909 | £310,000 | 41 GILBERT ROAD |
24 Nov 2022 | £218,976 | £220,000 | 3 FRANKLIN ROAD |
28 Oct 2022 | £284,051 | £285,000 | 41 FRANKLIN ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 30 Nov 2015. Using an estimated price of £313,701 means this house is valued at £3,564 per sq meter (£331 per sq foot).
The average size of a house on DRAKE CLOSE is 80 sq meters (867 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Franklin Road |
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Montagu Drive |
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Montagu Drive |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Montagu Drive |
Jul 2024 | Anti-social behaviour | On or near Mayflower Avenue |