£502,027
This estimated value is based upon the latest sale price for the house of £450,000 on 12 Aug 2021. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £450,000 | 12 Aug 2021 |
| £240,000 | 23 Jul 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 August 2021 the House Price Index for WEST SUSSEX was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £450,000 results in an estimated price of approximately £502,027.
| 12 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £450,000 | £52,027 | £502,027 |
The Postcode Pricing Model uses changes in average sales price within the BN13 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 | 7.830 % | £35,233 | £485,233 |
| 3 Month Average | 11.696 % | £52,631 | £502,631 |
| 6 Month Average | 13.656 % | £61,453 | £511,453 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £378,625 | £372,000 | 25 STRATHMORE CLOSE |
| 24 Aug 2023 | £441,361 | £437,500 | 63 MELROSE AVENUE |
| 17 Sep 2021 | £430,175 | £399,200 | 19 MELROSE CLOSE |
| 12 Aug 2021 | £502,027 | £450,000 | 67 MELROSE AVENUE |
| 29 Jun 2021 | £482,816 | £450,000 | 139 RINGMER ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 17 Jun 2013. Using an estimated price of £502,027 means this house is valued at £5,906 per sq meter (£548 per sq foot).
The average size of a house on MELROSE AVENUE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Rothesay Close |
| Feb 2024 | Drugs | Local resolution | On or near Melrose Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Melrose Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Strathmore Road |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Strathmore Road |