£339,342
This estimated value is based upon the latest sale price for the house of £225,000 on 23 Oct 2014. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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Price Paid | Date |
---|---|
£225,000 | 23 Oct 2014 |
Semi-Detached |
Freehold |
Floor Area: 63 sq meters or 678 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST SUSSEX to estimate the market value.
When this house was purchased in October 2014 the House Price Index for EAST SUSSEX was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £225,000 results in an estimated price of approximately £339,342.
23 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.3 | 149.7 | 50.819 % | £225,000 | £114,342 | £339,342 |
The Postcode Pricing Model uses changes in average sales price within the BN20 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 | -1.196 % | £-2,690 | £222,309 |
3 Month Average | 49.288 % | £110,898 | £335,898 |
6 Month Average | 49.715 % | £111,859 | £336,859 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 May 2024 | £350,000 | £350,000 | 16 GORRINGE CLOSE |
15 Apr 2024 | £277,409 | £275,000 | 8 GORRINGE DRIVE |
28 Sep 2023 | £322,100 | £315,000 | 52 GORRINGE VALLEY ROAD |
22 Aug 2023 | £310,602 | £305,000 | 1 GORRINGE CLOSE |
21 Apr 2023 | £285,337 | £280,000 | 30 GORRINGE VALLEY ROAD |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 20 Jul 2014. Using an estimated price of £339,342 means this house is valued at £5,386 per sq meter (£500 per sq foot).
The average size of a house on GORRINGE DRIVE is 67 sq meters (727 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Gorringe Close |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gorringe Close |
Jun 2024 | Vehicle crime | Under investigation | On or near Supermarket |
Jun 2024 | Vehicle crime | Under investigation | On or near Southdown Avenue |
Apr 2024 | Anti-social behaviour | On or near Southdown Avenue |