£550,089
This estimated value is based upon the latest sale price for the house of £475,000 on 2 Oct 2020. This value is then adjusted by the current Official House Price Index for NORFOLK 1
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| Price Paid | Date |
|---|---|
| £475,000 | 2 Oct 2020 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORFOLK to estimate the market value.
When this house was purchased in October 2020 the House Price Index for NORFOLK was 126.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 15.808%.Applying this 15.808% change to the original purchase price of £475,000 results in an estimated price of approximately £550,089.
| 2 Oct 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 146.7 | 15.808 % | £475,000 | £75,089 | £550,089 |
The Postcode Pricing Model uses changes in average sales price within the NR24 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 | 40.589 % | £192,799 | £667,799 |
| 3 Month Average | 11.558 % | £54,898 | £529,898 |
| 6 Month Average | 3.690 % | £17,525 | £492,525 |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 2 Dec 2019.
The average size of a house on MELTON PARK is 178 sq meters (1,918 sq feet).
This house is the smallest in the street with a floor area of 107 sq meters (1,151 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Melton Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Colville Road |
| Mar 2024 | Anti-social behaviour | On or near Bridge Close | |
| Jan 2024 | Anti-social behaviour | On or near Bridge Close | |
| Jan 2024 | Anti-social behaviour | On or near Bridge Close |