£729,223
This estimated value is based upon the latest sale price for the house of £525,000 on 12 Oct 2015. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
There has been one burglary within the last year on or near Westerfield Lane
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| Price Paid | Date |
|---|---|
| £525,000 | 12 Oct 2015 |
| £470,000 | 13 Jul 2007 |
| £425,000 | 12 Jun 2006 |
| £380,000 | 29 Apr 2005 |
| Detached |
| Freehold |
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 2015 the House Price Index for SUFFOLK was 105.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 38.900%.Applying this 38.900% change to the original purchase price of £525,000 results in an estimated price of approximately £729,223.
| 12 Oct 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 146.7 | 38.900 % | £525,000 | £204,223 | £729,223 |
The Postcode Pricing Model uses changes in average sales price within the IP6 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 | 49.345 % | £259,063 | £784,063 |
| 3 Month Average | 43.047 % | £225,997 | £750,997 |
| 6 Month Average | 31.485 % | £165,295 | £690,295 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Westerfield Lane |
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Inverness Road |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Inverness Road |
| Mar 2024 | Other crime | Under investigation | On or near The Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Street |