£356,535
This estimated value is based upon the latest sale price for the house of £331,000 on 1 Nov 2021. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £331,000 | 1 Nov 2021 |
| £275,000 | 5 Sep 2016 |
| £218,000 | 27 Jul 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 2021 the House Price Index for BRIGHTON AND HOVE was 137.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.715%.Applying this 7.715% change to the original purchase price of £331,000 results in an estimated price of approximately £356,535.
| 1 Nov 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.0 | 7.715 % | £331,000 | £25,535 | £356,535 |
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 | 21.561 % | £71,366 | £402,366 |
| 3 Month Average | -20.899 % | £-69,176 | £261,823 |
| 6 Month Average | -4.296 % | £-14,218 | £316,781 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2023 | £392,120 | £390,000 | FLAT 23A OLD COLLEGE HOUSE, 8 - 10 RICHMOND TERRACE |
| 17 Feb 2023 | £403,093 | £405,000 | FLAT 1 12 RICHMOND ROAD |
| 20 May 2022 | £517,865 | £510,167 | FLAT 30 OLD COLLEGE HOUSE, 8 - 10 RICHMOND TERRACE |
| 1 Nov 2021 | £356,536 | £331,000 | GROUND FLOOR FLAT 15 RICHMOND TERRACE |
| 2 Sep 2021 | £520,522 | £485,000 | FLAT 16 OLD COLLEGE HOUSE, 8 - 10 RICHMOND TERRACE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 13 May 2009. Using an estimated price of £356,536 means this house is valued at £6,474 per sq meter (£601 per sq foot).
The average size of a house on RICHMOND TERRACE is 167 sq meters (1,803 sq feet).
This house is the smallest in the street with a floor area of 55 sq meters (592 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Malthouse Lane | |
| Mar 2024 | Anti-social behaviour | On or near Malthouse Lane | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Malthouse Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Malthouse Lane |
| Jan 2024 | Possession of weapons | Under investigation | On or near Malthouse Lane |