£602,022
This estimated value is based upon the latest sale price for the house of £350,000 on 31 May 2011. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £350,000 | 31 May 2011 |
| Terraced |
| Freehold |
| Floor Area: 120 sq meters or 1,297 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 May 2011 the House Price Index for BRIGHTON AND HOVE was 86.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 72.006%.Applying this 72.006% change to the original purchase price of £350,000 results in an estimated price of approximately £602,022.
| 31 May 2011 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.0 | 72.006 % | £350,000 | £252,022 | £602,022 |
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 | 101.535 % | £355,371 | £705,371 |
| 3 Month Average | 59.335 % | £207,673 | £557,673 |
| 6 Month Average | 67.427 % | £235,993 | £585,993 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Apr 2024 | £225,000 | £225,000 | 48A COLBOURNE ROAD |
| 21 Mar 2024 | £311,051 | £310,000 | 33B COLBOURNE ROAD |
| 10 Aug 2023 | £427,600 | £425,000 | UPPER MAISONETTE 61 ADDISON ROAD |
| 16 Jun 2023 | £504,087 | £500,000 | 50 COLBOURNE ROAD |
| 18 Apr 2023 | £921,852 | £915,000 | 115 ADDISON ROAD |
This house has a floor area of 120 sq meters or 1,297 sq feet when measured on 24 Feb 2011. Using an estimated price of £602,022 means this house is valued at £4,996 per sq meter (£464 per sq foot).
The average size of a house on COLBOURNE ROAD is 116 sq meters (1,253 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Colbourne Road | |
| Mar 2024 | Anti-social behaviour | On or near Colbourne Road | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Colbourne Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Colbourne Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Colbourne Road |