£452,456
This estimated value is based upon the latest sale price for the house of £300,000 on 16 Oct 2014. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
There has been one burglary within the last year on or near Luther Street
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| Price Paid | Date |
|---|---|
| £300,000 | 16 Oct 2014 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 696 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 October 2014 the House Price Index for BRIGHTON AND HOVE was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £300,000 results in an estimated price of approximately £452,456.
| 16 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £300,000 | £152,456 | £452,456 |
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 | 52.625 % | £157,874 | £457,874 |
| 3 Month Average | 46.214 % | £138,641 | £438,641 |
| 6 Month Average | 45.760 % | £137,278 | £437,278 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £428,374 | £417,500 | 20 ELM GROVE |
| 29 Sep 2023 | £577,736 | £565,000 | 142 ELM GROVE |
| 14 Aug 2023 | £234,224 | £230,000 | 179B ELM GROVE |
| 24 Feb 2023 | £629,203 | £625,000 | 16 CARLYLE STREET |
| 20 Feb 2023 | £437,925 | £435,000 | 7 LUTHER STREET |
This house has a floor area of 64 sq meters or 696 sq feet when measured on 6 Feb 2009. Using an estimated price of £452,457 means this house is valued at £6,995 per sq meter (£649 per sq foot).
The average size of a house on LUTHER STREET is 70 sq meters (756 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Under investigation | On or near Luther Street |
| Jul 2024 | Bicycle theft | Under investigation | On or near Wellington Street |
| Jun 2024 | Anti-social behaviour | On or near Wellington Street | |
| Jun 2024 | Anti-social behaviour | On or near Wellington Street | |
| Jun 2024 | Anti-social behaviour | On or near Wellington Street |