£406,317
This estimated value is based upon the latest sale price for the house of £320,000 on 21 Jul 2017. 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 |
|---|---|
| £320,000 | 21 Jul 2017 |
| £221,362 | 11 Oct 2013 |
| £159,950 | 26 Aug 2005 |
| £139,000 | 18 Dec 2002 |
| £105,000 | 4 May 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 2017 the House Price Index for BRIGHTON AND HOVE was 116.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 26.974%.Applying this 26.974% change to the original purchase price of £320,000 results in an estimated price of approximately £406,317.
| 21 Jul 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.0 | 26.974 % | £320,000 | £86,317 | £406,317 |
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 | 38.307 % | £122,582 | £442,582 |
| 3 Month Average | 23.187 % | £74,197 | £394,197 |
| 6 Month Average | 18.882 % | £60,421 | £380,421 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £155,525 | £155,000 | 8 BELL MEAD HOLLAND ROAD |
| 7 Dec 2023 | £275,207 | £270,000 | FLAT 7 GOODWOOD COURT CROMWELL ROAD |
| 18 Aug 2023 | £427,600 | £425,000 | SOUTH COTTAGE THE MEWS LORNA ROAD |
| 18 Aug 2023 | £163,494 | £162,500 | 21 BELL MEAD HOLLAND ROAD |
| 27 Jun 2023 | £226,839 | £225,000 | GROUND FLOOR FLAT 3 LORNA ROAD |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 24 Jul 2013. Using an estimated price of £406,317 means this house is valued at £7,128 per sq meter (£662 per sq foot).
The average size of a house on CROMWELL ROAD is 62 sq meters (674 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Palmeira Place |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Palmeira Place |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Palmeira Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near B2120 |
| Jan 2024 | Violence and sexual offences | Offender given a caution | On or near B2120 |