£415,834
This estimated value is based upon the latest sale price for the house of £325,000 on 3 Aug 2017. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £325,000 | 3 Aug 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 82 sq meters or 889 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 August 2017 the House Price Index for WEST SUSSEX was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £325,000 results in an estimated price of approximately £415,834.
| 3 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 149.7 | 27.949 % | £325,000 | £90,834 | £415,834 |
The Postcode Pricing Model uses changes in average sales price within the PO21 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 | 47.456 % | £154,233 | £479,233 |
| 3 Month Average | 8.110 % | £26,357 | £351,357 |
| 6 Month Average | 16.657 % | £54,134 | £379,134 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £393,678 | £385,000 | 1 HEGHBROK WAY |
| 25 Aug 2023 | £244,408 | £240,000 | 24A SELSEY AVENUE |
| 22 Feb 2023 | £183,727 | £182,500 | FLAT 6 RED RIDGES KINGS PARADE |
| 3 Feb 2023 | £211,412 | £210,000 | FLAT 3 RED RIDGES KINGS PARADE |
| 26 Jul 2022 | £270,207 | £267,500 | FLAT 1 BRADWELL COURT, 14 SELSEY AVENUE |
This house has a floor area of 82 sq meters or 889 sq feet when measured on 17 Jan 2012. Using an estimated price of £415,834 means this house is valued at £5,030 per sq meter (£467 per sq foot).
The average size of a house on KINGS PARADE is 85 sq meters (920 sq feet).