£513,911
This estimated value is based upon the latest sale price for the house of £425,000 on 3 Jul 2020. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £425,000 | 3 Jul 2020 |
| Detached |
| Freehold |
| Floor Area: 180 sq meters or 1,937 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 July 2020 the House Price Index for EAST SUSSEX was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £425,000 results in an estimated price of approximately £513,911.
| 3 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £425,000 | £88,911 | £513,911 |
The Postcode Pricing Model uses changes in average sales price within the TN39 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 | -35.526 % | £-150,986 | £274,013 |
| 3 Month Average | -3.365 % | £-14,302 | £410,697 |
| 6 Month Average | 14.998 % | £63,743 | £488,743 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £418,663 | £415,000 | 5 REDWELL AVENUE |
| 21 Apr 2023 | £303,265 | £300,000 | 22 REDWELL AVENUE |
| 30 Jan 2023 | £537,468 | £540,000 | 2 MAYO LANE |
| 17 Aug 2022 | £129,651 | £130,000 | 14 COOPER DRIVE |
| 29 Jul 2022 | £310,837 | £310,000 | 26 REDWELL AVENUE |
This house has a floor area of 180 sq meters or 1,937 sq feet when measured on 30 Apr 2018. Using an estimated price of £513,911 means this house is valued at £2,855 per sq meter (£265 per sq foot).
The average size of a house on MAYO LANE is 125 sq meters (1,351 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Mayo Lane |
| Mar 2024 | Anti-social behaviour | On or near Redwell Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Redwell Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Redwell Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Redwell Avenue |