£818,406
This estimated value is based upon the latest sale price for the house of £715,000 on 16 Jul 2021. 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 Palmeira Place
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| Price Paid | Date |
|---|---|
| £715,000 | 16 Jul 2021 |
| £465,000 | 30 Aug 2013 |
| £297,000 | 27 Feb 2006 |
| £134,000 | 17 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 895 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 July 2021 the House Price Index for BRIGHTON AND HOVE was 129.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.462%.Applying this 14.462% change to the original purchase price of £715,000 results in an estimated price of approximately £818,406.
| 16 Jul 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.0 | 14.462 % | £715,000 | £103,406 | £818,406 |
The Postcode Pricing Model uses changes in average sales price within the BN3 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 | 113.239 % | £809,659 | £1,524,659 |
| 3 Month Average | -5.873 % | £-41,993 | £673,006 |
| 6 Month Average | -2.251 % | £-16,093 | £698,906 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £275,207 | £270,000 | FLAT 7 GOODWOOD COURT CROMWELL ROAD |
| 31 Jul 2023 | £403,820 | £400,000 | 25 CROMWELL COURT CROMWELL ROAD |
| 19 Jun 2023 | £176,481 | £175,050 | FLAT 30 GOODWOOD COURT CROMWELL ROAD |
| 28 Apr 2023 | £291,502 | £289,335 | FLAT 1 23 LORNA ROAD |
| 27 May 2022 | £340,055 | £335,000 | 2 CROMWELL COURT CROMWELL ROAD |
This house has a floor area of 83 sq meters or 895 sq feet when measured on 10 Feb 2009. Using an estimated price of £818,407 means this house is valued at £9,831 per sq meter (£913 per sq foot).
The average size of a house on LORNA ROAD is 73 sq meters (787 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Palmeira Place |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Palmeira Place |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Palmeira Place |
| Apr 2024 | Other theft | Under investigation | On or near Lorna Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Further/Higher Educational Building |