£176,563
This estimated value is based upon the latest sale price for the house of £111,500 on 27 Feb 2014. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £111,500 | 27 Feb 2014 |
| £95,000 | 4 Feb 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 92 sq meters or 990 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 2014 the House Price Index for EAST SUSSEX was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £111,500 results in an estimated price of approximately £176,563.
| 27 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £111,500 | £65,063 | £176,563 |
The Postcode Pricing Model uses changes in average sales price within the BN22 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 | 32.913 % | £36,698 | £148,198 |
| 3 Month Average | 53.883 % | £60,079 | £171,579 |
| 6 Month Average | 71.942 % | £80,215 | £191,715 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £175,063 | £172,000 | 30 WALSINGHAM CLOSE |
| 3 Mar 2023 | £280,392 | £277,750 | 158 CROXDEN WAY |
| 28 Jul 2022 | £255,688 | £255,000 | 127 CROXDEN WAY |
| 8 Jul 2022 | £169,456 | £169,000 | 5 ROSEDALE PLACE |
| 20 May 2022 | £300,614 | £294,950 | 35 ROWAN AVENUE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 1 May 2019. Using an estimated price of £176,563 means this house is valued at £1,919 per sq meter (£178 per sq foot).
The average size of a house on WELBECK CLOSE is 77 sq meters (835 sq feet).
This house is the largest in the street with a floor area of 92 sq meters (990 sq feet).