£296,570
This estimated value is based upon the latest sale price for the house of £235,000 on 6 Oct 2017. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £235,000 | 6 Oct 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 October 2017 the House Price Index for EAST SUSSEX was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £235,000 results in an estimated price of approximately £296,570.
| 6 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £235,000 | £61,570 | £296,570 |
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 | 24.441 % | £57,437 | £292,437 |
| 3 Month Average | 16.823 % | £39,534 | £274,534 |
| 6 Month Average | 21.685 % | £50,958 | £285,958 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £286,745 | £282,500 | 7 CUNNINGHAM DRIVE |
| 9 Aug 2023 | £247,162 | £245,000 | 26 FRASER AVENUE |
| 26 Apr 2023 | £323,483 | £320,000 | 14 VERNON CLOSE |
| 16 Mar 2023 | £272,568 | £270,000 | 3 SOMERVILLE CLOSE |
| 6 Feb 2023 | £399,731 | £400,000 | 13 MOUNTBATTEN DRIVE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 1 Aug 2017. Using an estimated price of £296,570 means this house is valued at £3,661 per sq meter (£340 per sq foot).
The average size of a house on DRAKE AVENUE is 104 sq meters (1,129 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Drake Avenue |
| Dec 2023 | Anti-social behaviour | On or near Vernon Close | |
| Dec 2023 | Anti-social behaviour | On or near Vernon Close | |
| Dec 2023 | Anti-social behaviour | On or near Vernon Close | |
| Dec 2023 | Anti-social behaviour | On or near Vernon Close |