£194,461
This estimated value is based upon the latest sale price for the house of £166,500 on 10 Nov 2020. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £166,500 | 10 Nov 2020 |
| £110,000 | 22 Feb 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 November 2020 the House Price Index for BRIGHTON AND HOVE was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £166,500 results in an estimated price of approximately £194,461.
| 10 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £166,500 | £27,961 | £194,461 |
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 | 19.374 % | £32,256 | £198,756 |
| 3 Month Average | 8.136 % | £13,546 | £180,046 |
| 6 Month Average | 10.261 % | £17,084 | £183,584 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £479,676 | £467,500 | 61 NEWMARKET ROAD |
| 11 Aug 2023 | £280,051 | £275,000 | FLAT 6 URSA COURT, 108 LEWES ROAD |
| 10 Mar 2023 | £305,095 | £300,000 | BASEMENT FLAT 37A GLADSTONE PLACE |
| 7 Jul 2022 | £565,668 | £560,000 | 31 GLADSTONE PLACE |
| 22 Jun 2022 | £261,592 | £256,000 | BASEMENT FLAT 19B GLADSTONE PLACE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 11 Sep 2020. Using an estimated price of £194,461 means this house is valued at £3,472 per sq meter (£322 per sq foot).
The average size of a house on LEWES ROAD is 71 sq meters (773 sq feet).