£540,433
This estimated value is based upon the latest sale price for the house of £500,000 on 30 Jun 2021. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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Price Paid | Date |
---|---|
£500,000 | 30 Jun 2021 |
£288,000 | 9 May 2012 |
£245,000 | 12 Aug 2004 |
£245,000 | 12 Aug 2004 |
Semi-Detached |
Freehold |
Floor Area: 102 sq meters or 1,101 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 June 2021 the House Price Index for BRIGHTON AND HOVE was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £500,000 results in an estimated price of approximately £540,433.
30 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.5 | 149.7 | 8.087 % | £500,000 | £40,433 | £540,433 |
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 | 8.900 % | £44,501 | £544,501 |
3 Month Average | -2.931 % | £-14,656 | £485,343 |
6 Month Average | -3.991 % | £-19,953 | £480,046 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Oct 2023 | £621,107 | £607,000 | 12 READING ROAD |
24 Apr 2023 | £478,958 | £470,000 | 3 WADHURST RISE |
24 Oct 2022 | £647,836 | £650,000 | 34 READING ROAD |
24 May 2022 | £478,978 | £466,500 | 2 WADHURST RISE |
23 Feb 2022 | £665,568 | £630,000 | 29 READING ROAD |
This house has a floor area of 102 sq meters or 1,101 sq feet when measured on 12 Oct 2011. Using an estimated price of £540,433 means this house is valued at £5,281 per sq meter (£490 per sq foot).
The average size of a house on READING ROAD is 103 sq meters (1,108 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Vehicle crime | Under investigation | On or near Peel Road |
Jun 2024 | Possession of weapons | Under investigation | On or near Reading Road |
Jun 2024 | Other theft | Under investigation | On or near Reading Road |
Jul 2024 | Burglary | Under investigation | On or near Wadhurst Rise |
Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Wadhurst Rise |