£248,210
This estimated value is based upon the latest sale price for the house of £140,000 on 16 Oct 2009. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £140,000 | 16 Oct 2009 |
| £58,000 | 4 Jun 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,251 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 October 2009 the House Price Index for EAST SUSSEX was 84.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 77.293%.Applying this 77.293% change to the original purchase price of £140,000 results in an estimated price of approximately £248,210.
| 16 Oct 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.4 | 149.7 | 77.293 % | £140,000 | £108,210 | £248,210 |
The Postcode Pricing Model uses changes in average sales price within the TN37 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 | 56.677 % | £79,348 | £219,348 |
| 3 Month Average | 86.435 % | £121,009 | £261,009 |
| 6 Month Average | 97.372 % | £136,320 | £276,320 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £64,464 | £63,000 | FLAT 2 142 LONDON ROAD |
| 24 Oct 2023 | £125,347 | £122,500 | FLAT 8 21 WOODLAND VALE ROAD |
| 16 Aug 2023 | £1,222,041 | £1,200,000 | 1 GILBERT ROAD |
| 18 Apr 2023 | £120,249 | £118,000 | FLAT 6 21 WOODLAND VALE ROAD |
| 22 Mar 2023 | £107,800 | £106,000 | FLAT 10 21 WOODLAND VALE ROAD |
This house has a floor area of 116 sq meters or 1,251 sq feet when measured on 22 May 2009. Using an estimated price of £248,210 means this house is valued at £2,135 per sq meter (£198 per sq foot).
The average size of a house on LONDON ROAD is 89 sq meters (958 sq feet).