£705,099
This estimated value is based upon the latest sale price for the house of £442,000 on 6 Feb 2014. 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 Reed Close
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| Price Paid | Date |
|---|---|
| £442,000 | 6 Feb 2014 |
| Detached |
| Freehold |
| Floor Area: 168 sq meters or 1,808 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 February 2014 the House Price Index for WEST SUSSEX was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £442,000 results in an estimated price of approximately £705,099.
| 6 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 149.7 | 59.525 % | £442,000 | £263,099 | £705,099 |
The Postcode Pricing Model uses changes in average sales price within the BN6 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 | 97.431 % | £430,647 | £872,647 |
| 3 Month Average | 61.033 % | £269,766 | £711,766 |
| 6 Month Average | 57.033 % | £252,084 | £694,084 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £470,690 | £460,000 | THE STORES LONDON ROAD |
| 20 Oct 2023 | £496,271 | £485,000 | 14 ABBOTS CLOSE |
| 2 Mar 2023 | £360,012 | £354,000 | 45 LONDON ROAD |
| 6 Jan 2023 | £451,206 | £450,000 | 21 PRIORY ROAD |
| 10 Aug 2022 | £411,926 | £410,000 | 9 STONEPOUND ROAD |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 17 Jul 2013. Using an estimated price of £705,099 means this house is valued at £4,197 per sq meter (£389 per sq foot).
The average size of a house on REED CLOSE is 139 sq meters (1,497 sq feet).
This house is the largest in the street with a floor area of 168 sq meters (1,808 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Reed Close | |
| Oct 2024 | Burglary | Under investigation | On or near Reed Close |
| Oct 2024 | Drugs | Under investigation | On or near Reed Close |
| Oct 2024 | Drugs | Under investigation | On or near Reed Close |
| Oct 2024 | Anti-social behaviour | On or near Reed Close |