£568,480
This estimated value is based upon the latest sale price for the house of £510,000 on 7 Oct 2021. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £510,000 | 7 Oct 2021 |
| £265,000 | 16 Sep 2011 |
| Terraced |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 October 2021 the House Price Index for EAST SUSSEX was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £510,000 results in an estimated price of approximately £568,480.
| 7 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £510,000 | £58,480 | £568,480 |
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 | 28.095 % | £143,286 | £653,286 |
| 3 Month Average | -19.086 % | £-97,337 | £412,662 |
| 6 Month Average | -19.204 % | £-97,942 | £412,057 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 24 Mar 2023 | £305,095 | £300,000 | FLAT 9 HAMSEY HOUSE, 5 SOUTHDOWNS ROAD |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 3 Aug 2021. Using an estimated price of £568,481 means this house is valued at £4,777 per sq meter (£443 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 | Drugs | Under investigation | On or near Waite Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Mayhew Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Spences Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Malling Close |
| Oct 2024 | Anti-social behaviour | On or near Malling Close |