£292,099
This estimated value is based upon the latest sale price for the house of £247,000 on 25 Sep 2020. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £247,000 | 25 Sep 2020 |
| £246,000 | 10 Jul 2018 |
| Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 September 2020 the House Price Index for EAST SUSSEX was 125.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £247,000 results in an estimated price of approximately £292,099.
| 25 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £247,000 | £45,099 | £292,099 |
The Postcode Pricing Model uses changes in average sales price within the BN23 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 | -23.290 % | £-57,526 | £189,473 |
| 3 Month Average | 180.050 % | £444,723 | £691,723 |
| 6 Month Average | 71.060 % | £175,518 | £422,518 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £568,457 | £565,000 | 12 COTSWOLD CLOSE |
| 31 Aug 2023 | £286,744 | £285,000 | 135 SORREL DRIVE |
| 8 Aug 2023 | £296,805 | £295,000 | 231 SORREL DRIVE |
| 28 Feb 2023 | £283,658 | £285,000 | 142 SORREL DRIVE |
| 3 Aug 2022 | £544,322 | £548,000 | 6 COTSWOLD CLOSE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 20 Jun 2018. Using an estimated price of £292,099 means this house is valued at £4,295 per sq meter (£399 per sq foot).
The average size of a house on SORREL DRIVE is 77 sq meters (835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Magdalen Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sorrel Drive |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Friday Street |
| Apr 2024 | Drugs | Awaiting court outcome | On or near Elmwood Gardens |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Elmwood Gardens |