£297,214
This estimated value is based upon the latest sale price for the house of £173,000 on 18 May 2012. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £173,000 | 18 May 2012 |
| £147,000 | 12 Aug 2005 |
| £75,000 | 6 Apr 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 May 2012 the House Price Index for BRIGHTON AND HOVE was 87.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.800%.Applying this 71.800% change to the original purchase price of £173,000 results in an estimated price of approximately £297,214.
| 18 May 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 149.7 | 71.800 % | £173,000 | £124,214 | £297,214 |
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 | 80.713 % | £139,632 | £312,632 |
| 3 Month Average | 72.421 % | £125,289 | £298,289 |
| 6 Month Average | 79.439 % | £137,429 | £310,429 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £486,730 | £476,000 | APARTMENT 22 THE GALLERIES, 52 PALMEIRA AVENUE |
| 8 Jun 2023 | £510,225 | £500,000 | APARTMENT 20 THE GALLERIES, 52 PALMEIRA AVENUE |
| 17 May 2022 | £1,745,473 | £1,700,000 | 64 PALMEIRA AVENUE |
| 26 Jan 2022 | £348,286 | £328,510 | FLAT 21 PALMEIRA HOUSE, 46 PALMEIRA AVENUE |
| 9 Dec 2021 | £404,740 | £375,000 | FLAT 26 KINSALE COURT, 50 PALMEIRA AVENUE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 2 Aug 2013. Using an estimated price of £297,214 means this house is valued at £5,124 per sq meter (£476 per sq foot).
The average size of a house on PALMEIRA AVENUE is 86 sq meters (935 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Palmeira Avenue |
| Sep 2024 | Anti-social behaviour | On or near Palmeira Avenue | |
| Sep 2024 | Anti-social behaviour | On or near Palmeira Avenue | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Palmeira Avenue |
| Aug 2024 | Anti-social behaviour | On or near Palmeira Avenue |