£286,495
This estimated value is based upon the latest sale price for the house of £167,000 on 5 Sep 2012. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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Price Paid | Date |
---|---|
£167,000 | 5 Sep 2012 |
£169,950 | 3 Nov 2004 |
Flats/Maisonettes |
Leasehold |
Floor Area: 69 sq meters or 742 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 September 2012 the House Price Index for WEST SUSSEX was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.554%.Applying this 71.554% change to the original purchase price of £167,000 results in an estimated price of approximately £286,495.
5 Sep 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.3 | 149.7 | 71.554 % | £167,000 | £119,495 | £286,495 |
The Postcode Pricing Model uses changes in average sales price within the BN5 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 | 94.073 % | £157,101 | £324,101 |
3 Month Average | 67.602 % | £112,895 | £279,895 |
6 Month Average | 44.176 % | £73,773 | £240,773 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £402,364 | £390,000 | 2 CEDAR VIEW NEP TOWN ROAD |
20 Oct 2023 | £282,414 | £276,000 | 20 SPRINGHILLS |
1 Jun 2023 | £311,237 | £305,000 | 5 SPRINGHILLS |
26 Jan 2023 | £624,669 | £623,000 | 21 HEWITTS |
25 Oct 2022 | £236,211 | £237,000 | 27 SPRINGHILLS |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 15 Jun 2012. Using an estimated price of £286,496 means this house is valued at £4,152 per sq meter (£385 per sq foot).
The average size of a house on SPRINGHILLS is 68 sq meters (738 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Springhills |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hewitts |
Jun 2024 | Anti-social behaviour | On or near Cedar Way | |
Jun 2024 | Anti-social behaviour | On or near Cedar Way | |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Nep Town Road |