£457,013
This estimated value is based upon the latest sale price for the house of £350,000 on 31 Mar 2017. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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Price Paid | Date |
---|---|
£350,000 | 31 Mar 2017 |
£84,500 | 11 Dec 1998 |
Semi-Detached |
Freehold |
Floor Area: 120 sq meters or 1,291 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 March 2017 the House Price Index for WEST SUSSEX was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £350,000 results in an estimated price of approximately £457,013.
31 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.6 | 149.7 | 30.575 % | £350,000 | £107,013 | £457,013 |
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 | 14.575 % | £51,012 | £401,012 |
3 Month Average | 25.021 % | £87,574 | £437,574 |
6 Month Average | 21.588 % | £75,559 | £425,559 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £350,383 | £345,000 | 12 FRESHFIELDS DRIVE |
19 Dec 2023 | £376,571 | £365,000 | 1 VINCENT CLOSE |
13 Dec 2023 | £376,571 | £365,000 | 39 ELMS DRIVE |
3 Nov 2023 | £200,079 | £195,000 | 5 CHERRY TREE LODGE BOUNDSTONE LANE |
15 Sep 2023 | £267,906 | £262,000 | 9 ELMSTONE CLOSE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 6 Jan 2017. Using an estimated price of £457,014 means this house is valued at £3,808 per sq meter (£353 per sq foot).
The average size of a house on ELMS DRIVE is 79 sq meters (857 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Aug 2024 | Violence and sexual offences | Under investigation | On or near Vincent Close |
Aug 2024 | Criminal damage and arson | Under investigation | On or near Greentrees Crescent |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Freshfields Close |
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Belvedere Avenue |
Aug 2024 | Criminal damage and arson | Under investigation | On or near Lancing Close |