£438,429
This estimated value is based upon the latest sale price for the house of £415,000 on 11 Feb 2022. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
There have been three burglaries within the last year on or near Richardson Road
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| Price Paid | Date |
|---|---|
| £415,000 | 11 Feb 2022 |
| £292,000 | 17 Jun 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 84 sq meters or 904 sq feet |
This model uses changes in the Official Land Registry House Price Index for BRIGHTON AND HOVE to estimate the market value.
When this house was purchased in February 2022 the House Price Index for BRIGHTON AND HOVE was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £415,000 results in an estimated price of approximately £438,429.
| 11 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £415,000 | £23,429 | £438,429 |
The Postcode Pricing Model uses changes in average sales price within the BN3 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 | 45.758 % | £189,896 | £604,896 |
| 3 Month Average | 8.000 % | £33,199 | £448,199 |
| 6 Month Average | 6.478 % | £26,882 | £441,882 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 May 2024 | £278,000 | £278,000 | FLAT 15 COASTAL PLACE, 55 NEW CHURCH ROAD |
| 21 Dec 2023 | £226,974 | £220,000 | FLAT 1 COASTAL PLACE, 55 NEW CHURCH ROAD |
| 27 Oct 2023 | £2,174,385 | £2,125,000 | 3 COURTYARD LANE |
| 31 Aug 2023 | £407,347 | £400,000 | FLAT 17 COASTAL PLACE, 55 NEW CHURCH ROAD |
| 12 Jun 2023 | £428,589 | £420,000 | 7A RICHARDSON ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 11 Aug 2021. Using an estimated price of £438,430 means this house is valued at £5,219 per sq meter (£484 per sq foot).
The average size of a house on NEW CHURCH ROAD is 93 sq meters (1,005 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Robbery | Under investigation | On or near Richardson Road |
| Jun 2024 | Burglary | Under investigation | On or near Richardson Road |
| Jun 2024 | Burglary | Under investigation | On or near Richardson Road |
| Jun 2024 | Burglary | Under investigation | On or near Richardson Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lawrence Road |