£322,215
This estimated value is based upon the latest sale price for the house of £57,000 on 25 May 1996. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £57,000 | 25 May 1996 |
| Terraced |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 May 1996 the House Price Index for EAST SUSSEX was 26.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 465.290%.Applying this 465.290% change to the original purchase price of £57,000 results in an estimated price of approximately £322,215.
| 25 May 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 149.7 | 465.290 % | £57,000 | £265,215 | £322,215 |
The Postcode Pricing Model uses changes in average sales price within the BN2 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 | 807.896 % | £460,500 | £517,500 |
| 3 Month Average | 725.601 % | £413,592 | £470,592 |
| 6 Month Average | 696.873 % | £397,217 | £454,217 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jan 2023 | £74,198 | £74,000 | GARAGE AT THE BACK OF 78 UPPER LEWES ROAD |
| 12 Jan 2023 | £220,589 | £220,000 | 89 LEWES ROAD |
| 8 Jul 2022 | £606,073 | £600,000 | 18 INVERNESS ROAD |
| 20 May 2022 | £453,310 | £441,500 | 5 INVERNESS ROAD |
| 5 May 2022 | £369,630 | £360,000 | GROUND AND FIRST FLOOR MAISONETTE 6 ABERDEEN ROAD |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 16 Jan 2019. Using an estimated price of £322,215 means this house is valued at £2,598 per sq meter (£241 per sq foot).
The average size of a house on UPPER LEWES ROAD is 81 sq meters (875 sq feet).