£365,881
This estimated value is based upon the latest sale price for the house of £81,000 on 9 Feb 1999. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £81,000 | 9 Feb 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 February 1999 the House Price Index for BRIGHTON AND HOVE was 32.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 351.705%.Applying this 351.705% change to the original purchase price of £81,000 results in an estimated price of approximately £365,881.
| 9 Feb 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.9 | 148.6 | 351.705 % | £81,000 | £284,881 | £365,881 |
The Postcode Pricing Model uses changes in average sales price within the BN2 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 | 444.634 % | £360,153 | £441,153 |
| 3 Month Average | 431.716 % | £349,689 | £430,689 |
| 6 Month Average | 473.692 % | £383,690 | £464,690 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £1,949,103 | £1,915,000 | 161 MARINE PARADE |
| 8 Mar 2023 | £671,325 | £665,000 | FLAT 5 17 BELGRAVE PLACE |
| 3 Feb 2023 | £269,319 | £269,500 | FLAT 4 17 BELGRAVE PLACE |
| 3 Aug 2022 | £329,114 | £330,000 | FLAT 3 155 - 156 MARINE PARADE |
| 14 Jul 2022 | £807,173 | £805,000 | FLAT 19 NEVILLE HOUSE, 164 - 165 MARINE PARADE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 24 Jan 2019. Using an estimated price of £365,881 means this house is valued at £5,081 per sq meter (£472 per sq foot).
The average size of a house on MARINE PARADE is 80 sq meters (861 sq feet).