£560,761
This estimated value is based upon the latest sale price for the house of £485,000 on 16 Dec 2020. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £485,000 | 16 Dec 2020 |
| Detached |
| Freehold |
| Floor Area: 127 sq meters or 1,367 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 December 2020 the House Price Index for EAST SUSSEX was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £485,000 results in an estimated price of approximately £560,761.
| 16 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £485,000 | £75,761 | £560,761 |
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 | -11.881 % | £-57,624 | £427,375 |
| 3 Month Average | 7.911 % | £38,366 | £523,366 |
| 6 Month Average | 7.794 % | £37,801 | £522,801 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £407,347 | £400,000 | 18 ANGUS CLOSE |
| 9 Aug 2023 | £1,099,837 | £1,080,000 | 87 WISH HILL |
| 21 Apr 2023 | £596,150 | £585,000 | 3 BUCKHURST CLOSE |
| 2 Sep 2022 | £414,723 | £415,000 | 147 WISH HILL |
| 26 Aug 2022 | £557,607 | £555,000 | 15 BUCKHURST CLOSE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 4 Jun 2014. Using an estimated price of £560,761 means this house is valued at £4,415 per sq meter (£410 per sq foot).
The average size of a house on MELVILL LANE is 132 sq meters (1,430 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Public order | Under investigation | On or near Angus Close |
| May 2024 | Public order | Local resolution | On or near Butts Lane |
| May 2024 | Violence and sexual offences | Local resolution | On or near Butts Lane |
| Jul 2024 | Burglary | Under investigation | On or near Coopers Hill |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chalk Farm Close |