£207,795
This estimated value is based upon the latest sale price for the house of £136,000 on 11 Jul 2014. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £136,000 | 11 Jul 2014 |
| Terraced |
| Freehold |
| Floor Area: 44 sq meters or 473 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 July 2014 the House Price Index for WEST SUSSEX was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £136,000 results in an estimated price of approximately £207,795.
| 11 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £136,000 | £71,795 | £207,795 |
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 | 68.511 % | £93,175 | £229,175 |
| 3 Month Average | 38.554 % | £52,434 | £188,434 |
| 6 Month Average | 46.436 % | £63,152 | £199,152 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £298,821 | £295,000 | 9 MONTGOMERY DRIVE |
| 14 Jun 2023 | £242,943 | £240,000 | 18 TEMPLARS CLOSE |
| 28 Apr 2023 | £227,449 | £225,000 | 7 MERLIN WAY |
| 14 Jul 2022 | £418,627 | £417,500 | 16 KILWICH CLOSE |
| 27 May 2022 | £302,194 | £296,500 | 4 KILWICH CLOSE |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 29 Oct 2014. Using an estimated price of £207,795 means this house is valued at £4,722 per sq meter (£438 per sq foot).
The average size of a house on MERLIN WAY is 70 sq meters (760 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Marlowe Close |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Marlowe Close |