£363,886
This estimated value is based upon the latest sale price for the house of £235,000 on 19 Jun 2014. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £235,000 | 19 Jun 2014 |
| £182,000 | 26 Aug 2005 |
| £62,000 | 22 Sep 1997 |
| £52,250 | 14 Nov 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 58 sq meters or 626 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST SUSSEX to estimate the market value.
When this house was purchased in June 2014 the House Price Index for EAST SUSSEX was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £235,000 results in an estimated price of approximately £363,886.
| 19 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 149.7 | 54.845 % | £235,000 | £128,886 | £363,886 |
The Postcode Pricing Model uses changes in average sales price within the BN7 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 | 60.521 % | £142,225 | £377,225 |
| 3 Month Average | 48.472 % | £113,909 | £348,909 |
| 6 Month Average | 41.885 % | £98,430 | £333,430 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Sep 2024 | £320,000 | £320,000 | 32 SPENCES LANE |
| 19 Jul 2024 | £595,000 | £595,000 | 37 HEREWARD WAY |
| 2 May 2024 | £600,000 | £600,000 | 2 CROSSHAVEN PLACE |
| 12 Oct 2023 | £409,296 | £400,000 | 13 SPENCES FIELD |
| 21 Feb 2022 | £265,171 | £251,000 | 20 MALLING COURT SPENCES LANE |
This house has a floor area of 58 sq meters or 626 sq feet when measured on 21 May 2010. Using an estimated price of £363,886 means this house is valued at £6,254 per sq meter (£581 per sq foot).
The average size of a house on SPENCES LANE is 68 sq meters (737 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Spences Lane |
| Oct 2024 | Drugs | Under investigation | On or near Waite Close |