£162,797
This estimated value is based upon the latest sale price for the house of £121,000 on 28 Jun 2016. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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Price Paid | Date |
---|---|
£121,000 | 28 Jun 2016 |
£104,000 | 4 Jul 2008 |
£23,500 | 18 Jun 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 44 sq meters or 473 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 June 2016 the House Price Index for EAST SUSSEX was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £121,000 results in an estimated price of approximately £162,797.
28 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.3 | 149.7 | 34.544 % | £121,000 | £41,797 | £162,797 |
The Postcode Pricing Model uses changes in average sales price within the TN34 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 | 105.662 % | £127,851 | £248,851 |
3 Month Average | 63.717 % | £77,097 | £198,097 |
6 Month Average | 56.080 % | £67,856 | £188,856 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2024 | £589,050 | £580,000 | 4 PORTLAND TERRACE |
19 Oct 2023 | £144,277 | £141,000 | 29A WELLINGTON SQUARE |
14 Aug 2023 | £305,510 | £300,000 | 14 WELLINGTON SQUARE |
28 Apr 2023 | £473,863 | £465,000 | 15 - 16 QUEENS ROAD |
24 Apr 2023 | £183,431 | £180,000 | 36A WELLINGTON SQUARE |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 10 Feb 2016. Using an estimated price of £162,798 means this house is valued at £3,699 per sq meter (£343 per sq foot).
The average size of a house on WELLINGTON SQUARE is 65 sq meters (709 sq feet).