£329,273
This estimated value is based upon the latest sale price for the house of £89,000 on 23 Aug 2000. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £89,000 | 23 Aug 2000 |
| £70,000 | 2 Dec 1997 |
| £40,000 | 6 Feb 1997 |
| £27,500 | 22 Mar 1996 |
| Terraced |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 August 2000 the House Price Index for EAST SUSSEX was 40.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 269.970%.Applying this 269.970% change to the original purchase price of £89,000 results in an estimated price of approximately £329,273.
| 23 Aug 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.2 | 148.6 | 269.970 % | £89,000 | £240,273 | £329,273 |
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 | 232.094 % | £206,563 | £295,563 |
| 3 Month Average | 247.079 % | £219,900 | £308,900 |
| 6 Month Average | 304.196 % | £270,734 | £359,734 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jan 2023 | £73,653 | £74,000 | GARAGE AT THE BACK OF 78 UPPER LEWES ROAD |
| 12 Jan 2023 | £218,969 | £220,000 | 89 LEWES ROAD |
| 8 Jul 2022 | £601,619 | £600,000 | 18 INVERNESS ROAD |
| 20 May 2022 | £449,979 | £441,500 | 5 INVERNESS ROAD |
| 5 May 2022 | £366,914 | £360,000 | GROUND AND FIRST FLOOR MAISONETTE 6 ABERDEEN ROAD |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 22 Jun 2021. Using an estimated price of £329,274 means this house is valued at £2,743 per sq meter (£254 per sq foot).
The average size of a house on UPPER LEWES ROAD is 81 sq meters (875 sq feet).