£505,786
This estimated value is based upon the latest sale price for the house of £408,000 on 14 Aug 2019. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £408,000 | 14 Aug 2019 |
| £310,000 | 19 Aug 2009 |
| £228,500 | 11 Jan 2002 |
| £136,500 | 1 Dec 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 97 sq meters or 1,044 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 August 2019 the House Price Index for BRIGHTON AND HOVE was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £408,000 results in an estimated price of approximately £505,786.
| 14 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £408,000 | £97,786 | £505,786 |
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 | 67.406 % | £275,016 | £683,016 |
| 3 Month Average | 15.661 % | £63,896 | £471,896 |
| 6 Month Average | 16.832 % | £68,674 | £476,674 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £515,851 | £500,000 | FLAT 6 ALPHA HOUSE ST JOHNS ROAD |
| 25 Oct 2023 | £322,321 | £315,000 | 5 AMBER HOUSE ST JOHNS ROAD |
| 30 Sep 2022 | £324,783 | £325,000 | LOWER GROUND FLOOR FLAT 1 29 PALMEIRA SQUARE |
| 1 Sep 2022 | £264,823 | £265,000 | 2 ST JOHNS ROAD |
| 15 Jun 2022 | £1,670,713 | £1,635,000 | 29 ST JOHNS ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 24 Mar 2009. Using an estimated price of £505,787 means this house is valued at £5,211 per sq meter (£484 per sq foot).
The average size of a house on PALMEIRA SQUARE is 89 sq meters (963 sq feet).