£179,837
This estimated value is based upon the latest sale price for the house of £117,000 on 2 Jun 2014. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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Price Paid | Date |
---|---|
£117,000 | 2 Jun 2014 |
£113,000 | 1 Dec 2006 |
£96,000 | 24 Oct 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 555 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 June 2014 the House Price Index for EAST SUSSEX was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £117,000 results in an estimated price of approximately £179,837.
2 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.7 | 148.6 | 53.707 % | £117,000 | £62,837 | £179,837 |
The Postcode Pricing Model uses changes in average sales price within the BN21 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 | 64.936 % | £75,975 | £192,975 |
3 Month Average | 20.885 % | £24,435 | £141,435 |
6 Month Average | 34.206 % | £40,021 | £157,021 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Apr 2023 | £444,789 | £440,000 | 33 ELMS AVENUE |
15 Feb 2023 | £162,890 | £163,000 | FLAT 8 GLADSTONE COURT, 237 TERMINUS ROAD |
31 Jan 2023 | £147,306 | £148,000 | FLAT 2 7 ELMS AVENUE |
16 Jan 2023 | £234,894 | £236,000 | THE ALCOVE AVENUE MANSIONS ELMS AVENUE |
9 Aug 2022 | £578,443 | £580,000 | 8 ELMS AVENUE |
This house has a floor area of 51 sq meters or 555 sq feet when measured on 14 Dec 2010. Using an estimated price of £179,838 means this house is valued at £3,481 per sq meter (£323 per sq foot).
The average size of a house on TERMINUS ROAD is 75 sq meters (816 sq feet).