£486,286
This estimated value is based upon the latest sale price for the house of £310,000 on 17 Apr 2014. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£310,000 | 17 Apr 2014 |
£72,000 | 7 Oct 1997 |
Semi-Detached |
Freehold |
Floor Area: 130 sq meters or 1,399 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 April 2014 the House Price Index for EAST SUSSEX was 95.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.867%.Applying this 56.867% change to the original purchase price of £310,000 results in an estimated price of approximately £486,286.
17 Apr 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.4 | 149.7 | 56.867 % | £310,000 | £176,286 | £486,286 |
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 | 61.658 % | £191,141 | £501,141 |
3 Month Average | 53.080 % | £164,548 | £474,548 |
6 Month Average | 46.410 % | £143,870 | £453,870 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Nov 2023 | £487,371 | £475,000 | 11 CHURCH LANE |
19 Oct 2023 | £629,293 | £615,000 | 40 HEREWARD WAY |
17 Oct 2023 | £511,620 | £500,000 | 24 CHURCH LANE |
4 Aug 2023 | £320,786 | £315,000 | 5 WAITE CLOSE |
6 Apr 2023 | £428,005 | £420,000 | FLAT 7 HAMSEY HOUSE, 5 SOUTHDOWNS ROAD |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 27 Mar 2013. Using an estimated price of £486,286 means this house is valued at £3,740 per sq meter (£347 per sq foot).
The average size of a house on SPENCES LANE is 68 sq meters (737 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Violence and sexual offences | Under investigation | On or near Mayhew Way |
Oct 2024 | Drugs | Under investigation | On or near Waite Close |
Oct 2024 | Anti-social behaviour | On or near Malling Close | |
Oct 2024 | Violence and sexual offences | Under investigation | On or near Malling Close |
Oct 2024 | Anti-social behaviour | On or near Malling Close |