£393,397
This estimated value is based upon the latest sale price for the house of £117,000 on 27 Jul 2001. This value is then adjusted by the current Official House Price Index for SUFFOLK 1
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| Price Paid | Date |
|---|---|
| £117,000 | 27 Jul 2001 |
| £80,200 | 16 Apr 1999 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 July 2001 the House Price Index for SUFFOLK was 44.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 236.237%.Applying this 236.237% change to the original purchase price of £117,000 results in an estimated price of approximately £393,397.
| 27 Jul 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 148.6 | 236.237 % | £117,000 | £276,397 | £393,397 |
The Postcode Pricing Model uses changes in average sales price within the IP33 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 | 150.685 % | £176,302 | £293,302 |
| 3 Month Average | 196.647 % | £230,076 | £347,076 |
| 6 Month Average | 223.873 % | £261,931 | £378,931 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £329,884 | £325,000 | 9 CANNON STREET |
| 1 Aug 2023 | £519,545 | £515,000 | 11 WELL STREET |
| 14 Jul 2023 | £86,160 | £85,000 | 216 CRYSPEN COURT |
| 5 Apr 2023 | £267,884 | £265,000 | 50 GARLAND STREET |
| 6 Feb 2023 | £384,741 | £385,000 | 1 SCHOOLHALL LANE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 14 Jan 2013. Using an estimated price of £393,397 means this house is valued at £3,973 per sq meter (£369 per sq foot).
The average size of a house on GARLAND STREET is 105 sq meters (1,130 sq feet).