£48,662
This estimated value is based upon the latest sale price for the house of £40,000 on 11 Oct 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £40,000 | 11 Oct 2018 |
| £14,000 | 15 Jun 2017 |
| £150,000 | 31 Aug 2004 |
| £80,000 | 5 Dec 2002 |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 October 2018 the House Price Index for SUFFOLK was 120.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.655%.Applying this 21.655% change to the original purchase price of £40,000 results in an estimated price of approximately £48,662.
| 11 Oct 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 146.7 | 21.655 % | £40,000 | £8,662 | £48,662 |
The Postcode Pricing Model uses changes in average sales price within the IP2 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 | 45.901 % | £18,360 | £58,360 |
| 3 Month Average | 5.393 % | £2,157 | £42,157 |
| 6 Month Average | 23.412 % | £9,364 | £49,364 |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 14 Jul 2020.
The average size of a house on LUTHER ROAD is 118 sq meters (1,271 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Luther Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Luther Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Luther Road |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Rectory Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Rectory Road |