£538,362
This estimated value is based upon the latest sale price for the house of £542,000 on 31 Aug 2022. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £542,000 | 31 Aug 2022 |
| £350,000 | 30 Sep 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,355 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 August 2022 the House Price Index for WEST SUSSEX was 149.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.671%.Applying this -0.671% change to the original purchase price of £542,000 results in an estimated price of approximately £538,362.
| 31 Aug 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.0 | -0.671 % | £542,000 | £-3,637 | £538,362 |
The Postcode Pricing Model uses changes in average sales price within the BN43 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 | 40.026 % | £216,942 | £758,942 |
| 3 Month Average | -21.561 % | £-116,858 | £425,141 |
| 6 Month Average | -8.902 % | £-48,249 | £493,750 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £366,942 | £360,000 | 39 RAINBOW SQUARE |
| 17 Feb 2023 | £258,776 | £260,000 | FLAT 1 THE OLD REFECTORY, 75 RAINBOW SQUARE |
| 9 Sep 2022 | £306,275 | £310,000 | 11 SOUTHLANDS WAY |
| 31 Aug 2022 | £538,362 | £542,000 | 40 RAINBOW SQUARE |
| 13 May 2022 | £507,545 | £500,000 | 69 RAINBOW SQUARE |
This house has a floor area of 125 sq meters or 1,355 sq feet when measured on 9 Sep 2011. Using an estimated price of £538,362 means this house is valued at £4,275 per sq meter (£397 per sq foot).
The average size of a house on RAINBOW SQUARE is 97 sq meters (1,050 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Amber Close | |
| Feb 2024 | Anti-social behaviour | On or near Amber Close | |
| Feb 2024 | Anti-social behaviour | On or near Amber Close | |
| Jan 2024 | Anti-social behaviour | On or near Amber Close | |
| Jan 2024 | Anti-social behaviour | On or near Amber Close |