£350,444
This estimated value is based upon the latest sale price for the house of £225,000 on 30 May 2014. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £225,000 | 30 May 2014 |
| £72,000 | 24 Mar 1999 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 May 2014 the House Price Index for WEST SUSSEX was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £225,000 results in an estimated price of approximately £350,444.
| 30 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £225,000 | £125,444 | £350,444 |
The Postcode Pricing Model uses changes in average sales price within the BN15 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 | 77.533 % | £174,448 | £399,448 |
| 3 Month Average | 77.413 % | £174,178 | £399,178 |
| 6 Month Average | 60.958 % | £137,154 | £362,154 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Oct 2023 | £177,020 | £173,000 | FLAT 5 RYECROFT COURT, 24 PENHILL ROAD |
| 28 Sep 2023 | £364,025 | £356,000 | 40 PENHILL ROAD |
| 18 Sep 2023 | £322,100 | £315,000 | 4 THE GROVELANDS |
| 12 Sep 2023 | £337,439 | £330,000 | REAR OF 1 CECIL ROAD |
| 12 Sep 2023 | £56,240 | £55,000 | THE BAKEHOUSE CECIL ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 26 Jun 2013. Using an estimated price of £350,445 means this house is valued at £4,436 per sq meter (£412 per sq foot).
The average size of a house on THE GROVELANDS is 89 sq meters (967 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Grovelands |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near The Grovelands |
| Sep 2024 | Anti-social behaviour | On or near Cecil Road | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Cecil Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cecil Road |