£233,530
This estimated value is based upon the latest sale price for the house of £135,000 on 8 Feb 2011. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £135,000 | 8 Feb 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 February 2011 the House Price Index for BRIGHTON AND HOVE was 86.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.985%.Applying this 72.985% change to the original purchase price of £135,000 results in an estimated price of approximately £233,530.
| 8 Feb 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 149.7 | 72.985 % | £135,000 | £98,530 | £233,530 |
The Postcode Pricing Model uses changes in average sales price within the BN1 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 | 97.551 % | £131,693 | £266,693 |
| 3 Month Average | 88.366 % | £119,293 | £254,293 |
| 6 Month Average | 76.745 % | £103,606 | £238,606 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Apr 2022 | £285,291 | £275,000 | FLAT 84 WELLEND VILLAS SPRINGFIELD ROAD |
| 9 Mar 2022 | £281,862 | £270,000 | FLAT 4 2 PRESTON PARK AVENUE |
| 25 Feb 2022 | £237,703 | £225,000 | FLAT 107 WELLEND VILLAS SPRINGFIELD ROAD |
| 21 Dec 2021 | £138,151 | £128,000 | FLAT 52 WELLEND VILLAS SPRINGFIELD ROAD |
| 4 Nov 2021 | £259,850 | £238,500 | FLAT 1 4 STANFORD AVENUE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 16 Dec 2019. Using an estimated price of £233,530 means this house is valued at £4,490 per sq meter (£417 per sq foot).
The average size of a house on STANFORD AVENUE is 70 sq meters (755 sq feet).