£317,449
This estimated value is based upon the latest sale price for the house of £255,100 on 26 Feb 2019. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £255,100 | 26 Feb 2019 |
| £140,095 | 31 Mar 2006 |
| £124,000 | 18 Jul 2003 |
| £79,995 | 29 Mar 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 45 sq meters or 484 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 February 2019 the House Price Index for BRIGHTON AND HOVE was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £255,100 results in an estimated price of approximately £317,449.
| 26 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.441 % | £255,100 | £62,349 | £317,449 |
The Postcode Pricing Model uses changes in average sales price within the BN1 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 | 14.915 % | £38,047 | £293,147 |
| 3 Month Average | 24.069 % | £61,400 | £316,500 |
| 6 Month Average | 18.823 % | £48,016 | £303,116 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £265,000 | £265,000 | 50A VERE ROAD |
| 8 Sep 2023 | £841,040 | £822,500 | 65 VERE ROAD |
| 2 Jun 2023 | £321,442 | £315,000 | 59A VERE ROAD |
| 14 Feb 2023 | £211,412 | £210,000 | FLAT 23 ST SAVIOURS COURT DITCHLING ROAD |
| 2 Feb 2023 | £327,186 | £325,000 | GROUND FLOOR FLAT 48 VERE ROAD |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 30 Oct 2018. Using an estimated price of £317,450 means this house is valued at £7,054 per sq meter (£655 per sq foot).
The average size of a house on VERE ROAD is 83 sq meters (895 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Under investigation | On or near Vere Road |