£382,089
This estimated value is based upon the latest sale price for the house of £310,000 on 28 Feb 2020. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £310,000 | 28 Feb 2020 |
| £210,000 | 2 Aug 2013 |
| £198,000 | 31 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,083 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST SUSSEX to estimate the market value.
When this house was purchased in February 2020 the House Price Index for EAST SUSSEX was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £310,000 results in an estimated price of approximately £382,089.
| 28 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £310,000 | £72,089 | £382,089 |
The Postcode Pricing Model uses changes in average sales price within the BN23 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 | 19.900 % | £61,691 | £371,691 |
| 3 Month Average | 24.745 % | £76,709 | £386,709 |
| 6 Month Average | 24.009 % | £74,427 | £384,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £359,116 | £350,000 | APARTMENT 5 PANAMA REACH, 25 PHOENIX DRIVE |
| 29 Sep 2023 | £388,566 | £380,000 | APARTMENT 1 PANAMA REACH, 25 PHOENIX DRIVE |
| 6 Jun 2023 | £443,896 | £435,000 | APARTMENT 6 MALDEN REACH, 40 PHOENIX DRIVE |
| 7 Jul 2022 | £398,998 | £395,000 | APARTMENT 5 MALDEN REACH, 40 PHOENIX DRIVE |
| 26 Jan 2022 | £466,487 | £440,000 | 1 MONTEREY WHARF, 26 PHOENIX DRIVE |
This house has a floor area of 100 sq meters or 1,083 sq feet when measured on 3 Feb 2011. Using an estimated price of £382,089 means this house is valued at £3,796 per sq meter (£352 per sq foot).
The average size of a house on PHOENIX DRIVE is 93 sq meters (1,009 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Silver Strand West | |
| Aug 2024 | Anti-social behaviour | On or near Silver Strand West | |
| Aug 2024 | Anti-social behaviour | On or near Silver Strand West | |
| Aug 2024 | Anti-social behaviour | On or near Silver Strand West | |
| Nov 2024 | Burglary | Under investigation | On or near Macquarie Quay |