£388,565
This estimated value is based upon the latest sale price for the house of £380,000 on 29 Sep 2023. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £380,000 | 29 Sep 2023 |
| £305,000 | 4 Jan 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 91 sq meters or 979 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 September 2023 the House Price Index for EAST SUSSEX was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £380,000 results in an estimated price of approximately £388,565.
| 29 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £380,000 | £8,565 | £388,565 |
The Postcode Pricing Model uses changes in average sales price within the BN23 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 | 3.458 % | £13,140 | £393,140 |
| 3 Month Average | 7.805 % | £29,659 | £409,659 |
| 6 Month Average | -0.676 % | £-2,568 | £377,431 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £359,116 | £350,000 | APARTMENT 5 PANAMA REACH, 25 PHOENIX DRIVE |
| 29 Sep 2023 | £388,566 | £380,000 | APARTMENT 1 PANAMA REACH, 25 PHOENIX DRIVE |
| 6 Jun 2023 | £443,896 | £435,000 | APARTMENT 6 MALDEN REACH, 40 PHOENIX DRIVE |
| 7 Jul 2022 | £398,998 | £395,000 | APARTMENT 5 MALDEN REACH, 40 PHOENIX DRIVE |
| 30 Jun 2022 | £817,474 | £800,000 | 64 HAMILTON QUAY |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 21 Mar 2013. Using an estimated price of £388,566 means this house is valued at £4,269 per sq meter (£396 per sq foot).
The average size of a house on PHOENIX DRIVE is 93 sq meters (1,009 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Silver Strand West | |
| Aug 2024 | Anti-social behaviour | On or near Silver Strand West | |
| Aug 2024 | Anti-social behaviour | On or near Silver Strand West | |
| Aug 2024 | Anti-social behaviour | On or near Silver Strand West | |
| Nov 2024 | Other theft | Under investigation | On or near Macquarie Quay |