£161,798
This estimated value is based upon the latest sale price for the house of £87,000 on 15 Jun 2005. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £87,000 | 15 Jun 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 2005 the House Price Index for EAST SUSSEX was 80.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.975%.Applying this 85.975% change to the original purchase price of £87,000 results in an estimated price of approximately £161,798.
| 15 Jun 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.5 | 149.7 | 85.975 % | £87,000 | £74,798 | £161,798 |
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 | 140.163 % | £121,942 | £208,942 |
| 3 Month Average | 141.805 % | £123,370 | £210,370 |
| 6 Month Average | 117.335 % | £102,081 | £189,081 |
| 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 57 sq meters or 613 sq feet when measured on 19 Dec 2019. Using an estimated price of £161,798 means this house is valued at £2,838 per sq meter (£263 per sq foot).
The average size of a house on WELLINGTON SQUARE is 65 sq meters (709 sq feet).