£423,006
This estimated value is based upon the latest sale price for the house of £405,000 on 18 Feb 2022. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £405,000 | 18 Feb 2022 |
| £340,000 | 21 Sep 2017 |
| £203,100 | 9 May 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 February 2022 the House Price Index for BRIGHTON AND HOVE was 141.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.446%.Applying this 4.446% change to the original purchase price of £405,000 results in an estimated price of approximately £423,006.
| 18 Feb 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.0 | 4.446 % | £405,000 | £18,006 | £423,006 |
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 | 20.943 % | £84,818 | £489,818 |
| 3 Month Average | -2.639 % | £-10,686 | £394,313 |
| 6 Month Average | -0.853 % | £-3,452 | £401,547 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £617,933 | £610,000 | FLAT 3 9 PALMEIRA SQUARE |
| 31 Jul 2023 | £1,514,325 | £1,500,000 | FLAT 4 4 - 5 PALMEIRA SQUARE |
| 28 Jul 2023 | £545,157 | £540,000 | FLAT 2 6 PALMEIRA AVENUE |
| 24 Mar 2023 | £206,114 | £205,000 | FLAT 1A 17 PALMEIRA SQUARE |
| 25 Aug 2022 | £1,241,611 | £1,250,000 | FLAT 6 18 - 19 ADELAIDE CRESCENT |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 25 Jun 2012. Using an estimated price of £423,006 means this house is valued at £6,220 per sq meter (£577 per sq foot).
The average size of a house on PALMEIRA SQUARE is 89 sq meters (963 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Palmeira Square |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Palmeira Square |
| Apr 2024 | Anti-social behaviour | On or near Palmeira Square | |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Palmeira Square |
| Mar 2024 | Anti-social behaviour | On or near Palmeira Square |