£388,085
This estimated value is based upon the latest sale price for the house of £290,000 on 5 Sep 2016. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £290,000 | 5 Sep 2016 |
| £220,000 | 26 Apr 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 742 sq feet |
This model uses changes in the Official Land Registry House Price Index for BRIGHTON AND HOVE to estimate the market value.
When this house was purchased in September 2016 the House Price Index for BRIGHTON AND HOVE was 111.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.822%.Applying this 33.822% change to the original purchase price of £290,000 results in an estimated price of approximately £388,085.
| 5 Sep 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 149.7 | 33.822 % | £290,000 | £98,085 | £388,085 |
The Postcode Pricing Model uses changes in average sales price within the BN3 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 | 12.591 % | £36,514 | £326,514 |
| 3 Month Average | 17.937 % | £52,016 | £342,016 |
| 6 Month Average | 23.438 % | £67,969 | £357,969 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £311,875 | £305,000 | BASEMENT FLAT 8 COWPER STREET |
| 16 Aug 2023 | £483,724 | £475,000 | FIRST FLOOR FLAT 16 PORTLAND ROAD |
| 23 Jun 2023 | £282,665 | £277,000 | 5C PORTLAND ROAD |
| 14 Mar 2023 | £1,078,003 | £1,060,000 | 10 PEMBROKE CRESCENT |
| 23 Feb 2023 | £931,221 | £925,000 | 28 PORTLAND ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 18 Dec 2012. Using an estimated price of £388,085 means this house is valued at £5,624 per sq meter (£522 per sq foot).
The average size of a house on PORTLAND ROAD is 84 sq meters (909 sq feet).