£553,787
This estimated value is based upon the latest sale price for the house of £342,500 on 5 Dec 2013. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £342,500 | 5 Dec 2013 |
| £250,000 | 27 Aug 2010 |
| £59,000 | 20 Sep 1996 |
| £47,000 | 19 May 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 78 sq meters or 840 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 December 2013 the House Price Index for BRIGHTON AND HOVE was 92.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.690%.Applying this 61.690% change to the original purchase price of £342,500 results in an estimated price of approximately £553,787.
| 5 Dec 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 149.7 | 61.690 % | £342,500 | £211,287 | £553,787 |
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 | 85.771 % | £293,765 | £636,265 |
| 3 Month Average | 65.127 % | £223,058 | £565,558 |
| 6 Month Average | 60.293 % | £206,502 | £549,002 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £425,000 | £425,000 | FLAT 2 115 MARINE PARADE |
| 26 Apr 2024 | £554,818 | £550,000 | FLAT 5 TAMWORTH HOUSE, 76 MARINE PARADE |
| 8 Mar 2024 | £406,242 | £400,000 | FLAT 4 157 MARINE PARADE |
| 6 Nov 2023 | £384,767 | £375,000 | FLAT 11 VICTORIA MANSIONS, 76A MARINE PARADE |
| 21 Apr 2023 | £453,482 | £445,000 | FLAT 1 VICTORIA MANSIONS, 76A MARINE PARADE |
This house has a floor area of 78 sq meters or 840 sq feet when measured on 18 Aug 2009. Using an estimated price of £553,788 means this house is valued at £7,089 per sq meter (£658 per sq foot).
The average size of a house on MARINE PARADE is 80 sq meters (861 sq feet).