£258,910
This estimated value is based upon the latest sale price for the house of £196,000 on 9 Dec 2016. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £196,000 | 9 Dec 2016 |
| £71,000 | 4 May 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 December 2016 the House Price Index for EAST SUSSEX was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £196,000 results in an estimated price of approximately £258,910.
| 9 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £196,000 | £62,910 | £258,910 |
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 | 27.188 % | £53,287 | £249,287 |
| 3 Month Average | 31.282 % | £61,313 | £257,313 |
| 6 Month Average | 28.308 % | £55,483 | £251,483 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £525,000 | £525,000 | FLAT 1 16 CAVENDISH PLACE |
| 23 May 2024 | £180,000 | £180,000 | FLAT 8 8 QUEENS GARDENS |
| 22 May 2024 | £1,050,000 | £1,050,000 | FLAT 1 12 - 14 CAVENDISH PLACE |
| 14 Mar 2024 | £132,028 | £130,000 | FLAT 3 9 CAVENDISH PLACE |
| 3 Feb 2023 | £176,177 | £175,000 | FLAT 1 MIRAMAR HOUSE WEST, 2 GRAND PARADE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 15 Aug 2016. Using an estimated price of £258,911 means this house is valued at £4,707 per sq meter (£437 per sq foot).
The average size of a house on GRAND PARADE is 88 sq meters (957 sq feet).