£654,050
This estimated value is based upon the latest sale price for the house of £515,000 on 1 Nov 2017. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
There has been one burglary within the last year on or near London Road
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| Price Paid | Date |
|---|---|
| £515,000 | 1 Nov 2017 |
| £249,950 | 25 Oct 2001 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 November 2017 the House Price Index for EAST SUSSEX was 117.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.000%.Applying this 27.000% change to the original purchase price of £515,000 results in an estimated price of approximately £654,050.
| 1 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 149.7 | 27.000 % | £515,000 | £139,050 | £654,050 |
The Postcode Pricing Model uses changes in average sales price within the TN22 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 | -21.360 % | £-110,004 | £404,995 |
| 3 Month Average | 21.655 % | £111,522 | £626,522 |
| 6 Month Average | 30.730 % | £158,259 | £673,259 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £670,606 | £650,000 | 1 THE WILLOWS MILLWOOD LANE |
| 17 Nov 2023 | £343,725 | £335,000 | 15 MILLWOOD CLOSE |
| 17 Nov 2023 | £666,929 | £650,000 | GABLE END MILLWOOD LANE |
| 10 Nov 2023 | £353,986 | £345,000 | THE BUSHEL LONDON ROAD |
| 8 Mar 2023 | £1,001,729 | £985,000 | CARMEL COTTAGE LONDON ROAD |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 3 Feb 2016. Using an estimated price of £654,050 means this house is valued at £5,542 per sq meter (£514 per sq foot).
The average size of a house on LONDON ROAD is 86 sq meters (935 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Under investigation | On or near London Road |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near London Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near London Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near London Road |
| Jul 2024 | Other crime | Under investigation | On or near London Road |