£198,299
This estimated value is based upon the latest sale price for the house of £42,500 on 28 Aug 1998. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £42,500 | 28 Aug 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 49 sq meters or 527 sq feet |
This model uses changes in the Official Land Registry House Price Index for BRIGHTON AND HOVE to estimate the market value.
When this house was purchased in August 1998 the House Price Index for BRIGHTON AND HOVE was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 366.588%.Applying this 366.588% change to the original purchase price of £42,500 results in an estimated price of approximately £198,299.
| 28 Aug 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 148.6 | 366.588 % | £42,500 | £155,799 | £198,299 |
The Postcode Pricing Model uses changes in average sales price within the BN1 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 | 561.852 % | £238,786 | £281,286 |
| 3 Month Average | 539.410 % | £229,249 | £271,749 |
| 6 Month Average | 525.748 % | £223,442 | £265,942 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £1,577,603 | £1,550,000 | 42 FLORENCE ROAD |
| 5 Jul 2023 | £344,638 | £340,000 | TOP FLOOR FLAT 6 FLORENCE ROAD |
| 20 Jan 2023 | £318,500 | £320,000 | LOWER GROUND FLOOR FLAT 140 SPRINGFIELD ROAD |
| 25 Nov 2022 | £341,859 | £346,000 | GROUND FLOOR FLAT 140 SPRINGFIELD ROAD |
| 18 Jul 2022 | £280,756 | £280,000 | FIRST FLOOR FLAT 8 FLORENCE ROAD |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 1 Oct 2021. Using an estimated price of £198,300 means this house is valued at £4,046 per sq meter (£375 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 71 sq meters (774 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Springfield Road |
| Mar 2024 | Possession of weapons | Under investigation | On or near Springfield Road |
| Mar 2024 | Anti-social behaviour | On or near Springfield Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Springfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Springfield Road |