£482,241
This estimated value is based upon the latest sale price for the house of £470,000 on 10 Nov 2023. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £470,000 | 10 Nov 2023 |
| £225,000 | 29 Jan 2010 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 952 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 November 2023 the House Price Index for WEST SUSSEX was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £470,000 results in an estimated price of approximately £482,241.
| 10 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £470,000 | £12,241 | £482,241 |
The Postcode Pricing Model uses changes in average sales price within the PO22 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 | -5.571 % | £-26,182 | £443,817 |
| 3 Month Average | 1.004 % | £4,718 | £474,718 |
| 6 Month Average | -4.211 % | £-19,793 | £450,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2024 | £597,500 | £597,500 | 33 DOWNVIEW ROAD |
| 22 Apr 2024 | £605,256 | £600,000 | CHERWELL, 61 DOWNVIEW ROAD |
| 30 Nov 2023 | £764,404 | £745,000 | 44 DOWNVIEW ROAD |
| 10 Nov 2023 | £482,241 | £470,000 | 2 ORMESBY CRESCENT |
| 28 Sep 2023 | £470,369 | £460,000 | 4 ORMESBY CRESCENT |
This house has a floor area of 88 sq meters or 952 sq feet when measured on 3 Nov 2009. Using an estimated price of £482,241 means this house is valued at £5,451 per sq meter (£506 per sq foot).
The average size of a house on ORMESBY CRESCENT is 94 sq meters (1,020 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Under investigation | On or near Downview Road |
| Aug 2024 | Other crime | Unable to prosecute suspect | On or near Somerton Green |
| Oct 2024 | Public order | Under investigation | On or near Sutton Close |
| Jul 2024 | Anti-social behaviour | On or near Sutton Close | |
| Jul 2024 | Anti-social behaviour | On or near Sutton Close |