£345,922
This estimated value is based upon the latest sale price for the house of £317,500 on 17 Nov 2021. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £317,500 | 17 Nov 2021 |
| £215,000 | 27 Aug 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 103 sq meters or 1,108 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 November 2021 the House Price Index for EAST SUSSEX was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £317,500 results in an estimated price of approximately £345,922.
| 17 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £317,500 | £28,422 | £345,922 |
The Postcode Pricing Model uses changes in average sales price within the TN40 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 | 3.126 % | £9,926 | £327,426 |
| 3 Month Average | 15.662 % | £49,727 | £367,227 |
| 6 Month Average | 11.748 % | £37,300 | £354,800 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Oct 2023 | £214,880 | £210,000 | FLAT 22 BELLVIEW COURT, 7 CRANFIELD ROAD |
| 6 Sep 2023 | £123,727 | £121,000 | FLAT 21 BELLVIEW COURT, 7 CRANFIELD ROAD |
| 10 Aug 2023 | £122,204 | £120,000 | FLAT 37 BELLVIEW COURT, 7 CRANFIELD ROAD |
| 27 Mar 2023 | £79,070 | £77,750 | 44 HOMEHILL HOUSE, 2 CRANFIELD ROAD |
| 22 Feb 2023 | £211,412 | £210,000 | FLAT 20 BELLVIEW COURT, 7 CRANFIELD ROAD |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 16 Sep 2021. Using an estimated price of £345,922 means this house is valued at £3,358 per sq meter (£312 per sq foot).
The average size of a house on CRANFIELD ROAD is 53 sq meters (572 sq feet).