£290,357
This estimated value is based upon the latest sale price for the house of £199,950 on 30 Jun 2015. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £199,950 | 30 Jun 2015 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 108 sq meters or 1,162 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST SUSSEX to estimate the market value.
When this house was purchased in June 2015 the House Price Index for EAST SUSSEX was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £199,950 results in an estimated price of approximately £290,357.
| 30 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £199,950 | £90,407 | £290,357 |
The Postcode Pricing Model uses changes in average sales price within the BN27 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 | 33.318 % | £66,618 | £266,568 |
| 3 Month Average | 30.623 % | £61,230 | £261,180 |
| 6 Month Average | 46.596 % | £93,168 | £293,118 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £132,315 | £130,000 | FLAT 8 GARRETT COURT VICARAGE LANE |
| 27 Nov 2023 | £111,653 | £110,000 | FLAT 31 GARRETT COURT VICARAGE LANE |
| 18 Aug 2023 | £156,368 | £155,000 | 24 BENTLEY GRANGE BINDER LANE |
| 16 Aug 2023 | £100,883 | £100,000 | FLAT 25 GARRETT COURT VICARAGE LANE |
| 28 Apr 2023 | £303,265 | £300,000 | 24 BATTLE CRESCENT |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 12 Oct 2015. Using an estimated price of £290,357 means this house is valued at £2,688 per sq meter (£249 per sq foot).
The average size of a house on REEF WAY is 120 sq meters (1,293 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hemp Place |
| Dec 2023 | Anti-social behaviour | On or near Hemp Place | |
| Dec 2023 | Anti-social behaviour | On or near Hemp Place | |
| Dec 2023 | Anti-social behaviour | On or near Hemp Place | |
| Dec 2023 | Anti-social behaviour | On or near Hemp Place |