Full Address

RH16 1PP

Estimated Market Value


This estimated value is based upon the latest sale price for the house of £167,500 on 20 May 1998. This value is then adjusted by the current Official House Price Index for WEST SUSSEX1

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Transactions for this house
Price PaidDate
£167,50020 May 1998
House Details

House Price Models

Land Registry House Price Index Model

This model uses changes in the Official Land Registry House Price Index for WEST SUSSEX to estimate the market value.

When this house was purchased in May 1998 the House Price Index for WEST SUSSEX was 30.7.

The House Price Index as of 1 Dec 2019 is 122.4 which is a change of 297.947%.

Applying this 297.947% change to the original purchase price of £167,500 gives us an estimated price now of around £666,561.

20 May 1998 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
30.7 122.4 297.947 % £167,500 £499,061 £666,561

The Postcode Pricing Model uses changes in average sales price within the RH16 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 209.546 % £350,990 £518,490
3 Month Average 328.304 % £549,908 £717,408
6 Month Average 294.294 % £492,942 £660,442

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In May 1998 the average sale price for the 50 nearest sales within two miles of 15 PENLAND ROAD was £79,831.

In September 2020 the average sale price for the 3 nearest sales was £581,696. This is a change of 628.659%.

So taking the original purchase price of £167,500 and adjusting it by 628.659% gives an estimated price of £1,220,504.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 20 May 1998 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£79,831 £581,696 628.659 % £167,500 £1,053,004 £1,220,504
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
25 Jul 2019 £366,853 £360,000 29B PASTURE HILL ROAD
13 Jun 2019 £546,253 £535,000 51 HARLANDS ROAD
13 Jun 2019 £426,282 £417,500 67 PASTURE HILL ROAD
30 Apr 2019 £679,854 £660,000 37 PENLAND ROAD
28 Sep 2018 £517,868 £520,000 14 HARLANDS CLOSE

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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