£918,070
This estimated value is based upon the latest sale price for the house of £745,000 on 31 Oct 2018. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £745,000 | 31 Oct 2018 |
| £400,000 | 10 Aug 2006 |
| £150,000 | 30 Jun 1998 |
| £140,000 | 18 Jul 1997 |
| Freehold |
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 October 2018 the House Price Index for BRIGHTON AND HOVE was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £745,000 results in an estimated price of approximately £918,070.
| 31 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £745,000 | £173,070 | £918,070 |
The Postcode Pricing Model uses changes in average sales price within the BN2 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 | -8.684 % | £-64,693 | £680,306 |
| 3 Month Average | 8.468 % | £63,086 | £808,086 |
| 6 Month Average | 18.203 % | £135,613 | £880,613 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £350,000 | £350,000 | FLAT 3 10 RICHMOND PLACE |
| 17 Nov 2023 | £253,757 | £250,000 | FLAT 8 21 - 23 RICHMOND ROAD |
| 10 Nov 2023 | £223,306 | £220,000 | FLAT 2 21 - 23 RICHMOND ROAD |
| 19 Jul 2023 | £1,079,529 | £1,065,000 | EBENEZER BAPTIST CHAPEL RICHMOND PARADE |
| 16 Jun 2022 | £497,024 | £490,000 | 5 - 6 RICHMOND GARDENS |