£321,877
This estimated value is based upon the latest sale price for the house of £300,000 on 10 Jun 2021. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £300,000 | 10 Jun 2021 |
| Freehold |
| Floor Area: 71 sq meters or 764 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST SUSSEX to estimate the market value.
When this house was purchased in June 2021 the House Price Index for WEST SUSSEX was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £300,000 results in an estimated price of approximately £321,877.
| 10 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £300,000 | £21,877 | £321,877 |
The Postcode Pricing Model uses changes in average sales price within the PO19 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 | -19.099 % | £-57,296 | £242,703 |
| 3 Month Average | -23.100 % | £-69,300 | £230,699 |
| 6 Month Average | -21.481 % | £-64,443 | £235,556 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jul 2023 | £238,206 | £235,000 | GROUND FLOOR FLAT 1 MELBOURNE ROAD |
| 12 Apr 2023 | £353,810 | £350,000 | 5 SYDNEY COURT MELBOURNE ROAD |
| 31 Aug 2022 | £324,128 | £325,000 | 76 ADELAIDE ROAD |
| 17 Aug 2022 | £144,611 | £145,000 | 42 MELBOURNE ROAD |
| 27 Jul 2022 | £401,080 | £400,000 | 12 KENT ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 25 Jul 2019. Using an estimated price of £321,877 means this house is valued at £4,533 per sq meter (£421 per sq foot).
The average size of a house on MELBOURNE ROAD is 68 sq meters (738 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Local resolution | On or near Melbourne Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Road |
| Mar 2024 | Anti-social behaviour | On or near Adelaide Road |