£480,617
This estimated value is based upon the latest sale price for the house of £122,500 on 1 Feb 2000. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £122,500 | 1 Feb 2000 |
| Flats/Maisonettes |
| Leasehold |
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 February 2000 the House Price Index for BRIGHTON AND HOVE was 37.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 292.341%.Applying this 292.341% change to the original purchase price of £122,500 results in an estimated price of approximately £480,617.
| 1 Feb 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 37.9 | 148.6 | 292.341 % | £122,500 | £358,117 | £480,617 |
The Postcode Pricing Model uses changes in average sales price within the BN3 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 | 381.219 % | £466,993 | £589,493 |
| 3 Month Average | 341.292 % | £418,082 | £540,582 |
| 6 Month Average | 380.516 % | £466,131 | £588,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £619,167 | £610,000 | FLAT 3 9 PALMEIRA SQUARE |
| 11 Sep 2023 | £266,913 | £263,500 | FLAT 9B PALMEIRA AVENUE MANSIONS, 17 - 19 CHURCH ROAD |
| 31 Jul 2023 | £1,520,464 | £1,500,000 | FLAT 4 4 - 5 PALMEIRA SQUARE |
| 28 Jul 2023 | £547,367 | £540,000 | FLAT 2 6 PALMEIRA AVENUE |
| 24 Mar 2023 | £206,950 | £205,000 | FLAT 1A 17 PALMEIRA SQUARE |