£730,814
This estimated value is based upon the latest sale price for the house of £586,500 on 9 Aug 2018. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £586,500 | 9 Aug 2018 |
| £340,000 | 11 May 2004 |
| Detached |
| Freehold |
| Floor Area: 196 sq meters or 2,109 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 August 2018 the House Price Index for EAST SUSSEX was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £586,500 results in an estimated price of approximately £730,814.
| 9 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £586,500 | £144,314 | £730,814 |
The Postcode Pricing Model uses changes in average sales price within the TN37 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 | 60.068 % | £352,296 | £938,796 |
| 3 Month Average | 32.043 % | £187,932 | £774,432 |
| 6 Month Average | 33.495 % | £196,448 | £782,948 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £640,000 | £640,000 | 39 WESTFIELD LANE |
| 7 Mar 2024 | £421,476 | £415,000 | 54 WESTFIELD LANE |
| 23 Oct 2023 | £363,250 | £355,000 | 91 WESTFIELD LANE |
| 23 Jun 2023 | £505,123 | £495,000 | WHITELANDS WESTFIELD LANE |
| 27 Apr 2022 | £586,143 | £565,000 | 12 BALDSLOW DOWN |
This house has a floor area of 196 sq meters or 2,109 sq feet when measured on 26 Apr 2018. Using an estimated price of £730,814 means this house is valued at £3,728 per sq meter (£346 per sq foot).
The average size of a house on WESTFIELD LANE is 153 sq meters (1,657 sq feet).