This estimated value is based upon the latest sale price for the house of £475,000 on 17 Jul 2018. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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|£475,000||17 Jul 2018|
|£148,000||3 Oct 1997|
|£105,000||7 Apr 1995|
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 July 2018 the House Price Index for SUFFOLK was 119.9.The House Price Index as of 1 May 2022 is 148.5 which is a change of 23.832%.
Applying this 23.832% change to the original purchase price of £475,000 results in an estimated price of approximately £588,200.
|17 Jul 2018||1 May 2022||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the IP31 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||35.388 %||£168,094||£643,094|
|3 Month Average||14.397 %||£68,387||£543,387|
|6 Month Average||5.481 %||£26,036||£501,036|
|Date||Current Estimated Value||Price Paid||Address|
|28 Jan 2022||£279,589||£270,000||2 GEORGE HILL|
|26 Nov 2021||£263,783||£250,000||9 HILLTOP WAY|
|23 Nov 2021||£485,361||£460,000||THE PATTENS DUKE STREET|
|12 Oct 2021||£214,608||£200,000||FORGE VIEW OLD BARNINGHAM ROAD|
|12 Oct 2021||£364,834||£340,000||WESLEY DUKE STREET|
|Apr 2022||Violence and sexual offences||Action to be taken by another organisation||On or near Barningham Road|
|Apr 2022||Public order||Investigation complete; no suspect identified||On or near Capell Walk|
|Mar 2022||Violence and sexual offences||Action to be taken by another organisation||On or near Duke Street|
|Mar 2022||Other theft||Investigation complete; no suspect identified||On or near Jacobs Close|
|Apr 2022||Violence and sexual offences||Action to be taken by another organisation||On or near Lofft Close|
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