£797,478
This estimated value is based upon the latest sale price for the house of £640,000 on 24 Aug 2018. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £640,000 | 24 Aug 2018 |
| Detached |
| Freehold |
| Floor Area: 164 sq meters or 1,765 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 2018 the House Price Index for WEST SUSSEX was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £640,000 results in an estimated price of approximately £797,478.
| 24 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £640,000 | £157,478 | £797,478 |
The Postcode Pricing Model uses changes in average sales price within the BN13 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 | 31.621 % | £202,372 | £842,372 |
| 3 Month Average | 12.867 % | £82,347 | £722,347 |
| 6 Month Average | 8.364 % | £53,530 | £693,530 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2024 | £502,000 | £502,000 | 24 PALMERS WAY |
| 26 Apr 2024 | £536,660 | £532,000 | 31 WEST WAY |
| 19 Apr 2024 | £554,818 | £550,000 | 7 PALMERS WAY |
| 5 Apr 2024 | £629,466 | £624,000 | 10 PALMERS WAY |
| 22 Jul 2022 | £621,225 | £615,000 | 20 PALMERS WAY |
This house has a floor area of 164 sq meters or 1,765 sq feet when measured on 15 Feb 2018. Using an estimated price of £797,478 means this house is valued at £4,862 per sq meter (£451 per sq foot).
The average size of a house on CHERRY TREE CLOSE is 202 sq meters (2,174 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near West Way |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Wellingham Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Wellingham Lane |
| Oct 2024 | Other theft | Under investigation | On or near Wellingham Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Wellingham Lane |