£376,686
This estimated value is based upon the latest sale price for the house of £80,000 on 29 May 1998. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
There has been one burglary within the last year on or near Nep Close
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| Price Paid | Date |
|---|---|
| £80,000 | 29 May 1998 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST SUSSEX to estimate the market value.
When this house was purchased in May 1998 the House Price Index for WEST SUSSEX was 31.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 370.858%.Applying this 370.858% change to the original purchase price of £80,000 results in an estimated price of approximately £376,686.
| 29 May 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.6 | 148.6 | 370.858 % | £80,000 | £296,686 | £376,686 |
The Postcode Pricing Model uses changes in average sales price within the BN5 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 | 189.827 % | £151,861 | £231,861 |
| 3 Month Average | 436.666 % | £349,333 | £429,333 |
| 6 Month Average | 354.838 % | £283,870 | £363,870 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £396,945 | £390,000 | 2 CEDAR VIEW NEP TOWN ROAD |
| 4 Dec 2023 | £437,658 | £430,000 | 3 WEAVERS COTTAGES WEAVERS LANE |
| 24 Nov 2023 | £284,208 | £280,000 | 1 WEAVERS COTTAGES WEAVERS LANE |
| 30 Jun 2023 | £733,890 | £725,000 | UNIT 1 VINALLS BUSINESS CENTRE |
| 28 Mar 2023 | £767,228 | £760,000 | 14 THE HOOKS |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 10 Apr 2013. Using an estimated price of £376,686 means this house is valued at £3,424 per sq meter (£318 per sq foot).
The average size of a house on SOUTHVIEW TERRACE is 115 sq meters (1,243 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Nep Close |
| Dec 2023 | Possession of weapons | Awaiting court outcome | On or near Springhills |
| Mar 2024 | Anti-social behaviour | On or near Petrol Station | |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tan Yard |