£273,963
This estimated value is based upon the latest sale price for the house of £220,000 on 15 May 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 |
|---|---|
| £220,000 | 15 May 2019 |
| £39,500 | 8 Jul 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 31 sq meters or 333 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 May 2019 the House Price Index for BRIGHTON AND HOVE was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £220,000 results in an estimated price of approximately £273,963.
| 15 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.529 % | £220,000 | £53,963 | £273,963 |
The Postcode Pricing Model uses changes in average sales price within the BN2 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 | 42.677 % | £93,890 | £313,890 |
| 3 Month Average | 24.292 % | £53,442 | £273,442 |
| 6 Month Average | 15.431 % | £33,947 | £253,947 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £285,726 | £280,000 | FLAT 2 15 MARINE PARADE |
| 19 Oct 2022 | £548,169 | £550,000 | PEBBLES GUEST HOUSE, 8 MADEIRA PLACE |
| 15 Feb 2022 | £739,520 | £700,000 | 1 TERRACE ROW |
| 15 Dec 2021 | £256,336 | £237,500 | FLAT 4 24A ST JAMES'S STREET |
| 15 Dec 2021 | £366,965 | £340,000 | FLAT 17 MARINE HOUSE, 13 - 14 MARINE PARADE |
This house has a floor area of 31 sq meters or 333 sq feet when measured on 19 Dec 2018. Using an estimated price of £273,963 means this house is valued at £8,837 per sq meter (£821 per sq foot).
The average size of a house on MADEIRA PLACE is 42 sq meters (454 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Under investigation | On or near Madeira Place |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Madeira Place |
| Aug 2024 | Anti-social behaviour | On or near Madeira Place | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Madeira Place |
| Aug 2024 | Anti-social behaviour | On or near Madeira Place |