£571,338
This estimated value is based upon the latest sale price for the house of £333,000 on 2 Aug 2012. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £333,000 | 2 Aug 2012 |
| Detached |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 August 2012 the House Price Index for WEST SUSSEX was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £333,000 results in an estimated price of approximately £571,338.
| 2 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.573 % | £333,000 | £238,338 | £571,338 |
The Postcode Pricing Model uses changes in average sales price within the RH14 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 | -11.192 % | £-37,268 | £295,731 |
| 3 Month Average | 40.114 % | £133,580 | £466,580 |
| 6 Month Average | 48.448 % | £161,332 | £494,332 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £424,355 | £415,000 | 22 THE ALDERS |
| 26 Jun 2023 | £346,953 | £340,000 | 10 SAXON CLOSE |
| 10 Mar 2023 | £452,558 | £445,000 | 7 HIGH SEAT GARDENS |
| 24 Nov 2022 | £258,790 | £260,000 | 7 THE ALDERS |
| 26 Aug 2022 | £251,174 | £250,000 | 11 THE ALDERS |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 1 Jun 2012. Using an estimated price of £571,339 means this house is valued at £5,441 per sq meter (£505 per sq foot).
The average size of a house on THE ALDERS is 105 sq meters (1,139 sq feet).