£271,064
This estimated value is based upon the latest sale price for the house of £144,000 on 12 Nov 2004. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £144,000 | 12 Nov 2004 |
| £23,500 | 16 Jan 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 34 sq meters or 370 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST SUSSEX to estimate the market value.
When this house was purchased in November 2004 the House Price Index for EAST SUSSEX was 78.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.239%.Applying this 88.239% change to the original purchase price of £144,000 results in an estimated price of approximately £271,064.
| 12 Nov 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 148.6 | 88.239 % | £144,000 | £127,064 | £271,064 |
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 | 82.616 % | £118,967 | £262,967 |
| 3 Month Average | 95.965 % | £138,189 | £282,189 |
| 6 Month Average | 119.495 % | £172,073 | £316,073 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £283,433 | £280,000 | FLAT 2 15 MARINE PARADE |
| 19 Oct 2022 | £544,141 | £550,000 | PEBBLES GUEST HOUSE, 8 MADEIRA PLACE |
| 15 Feb 2022 | £734,086 | £700,000 | 1 TERRACE ROW |
| 15 Dec 2021 | £364,268 | £340,000 | FLAT 17 MARINE HOUSE, 13 - 14 MARINE PARADE |
| 22 Oct 2021 | £254,490 | £230,000 | THIRD FLOOR FLAT 21 MADEIRA PLACE |
This house has a floor area of 34 sq meters or 370 sq feet when measured on 2 Mar 2011. Using an estimated price of £271,065 means this house is valued at £7,875 per sq meter (£731 per sq foot).
The average size of a house on MADEIRA PLACE is 42 sq meters (454 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Madeira Place |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Madeira Place |
| Jan 2024 | Anti-social behaviour | On or near Madeira Place | |
| Jan 2024 | Anti-social behaviour | On or near Madeira Place | |
| Jan 2024 | Anti-social behaviour | On or near Madeira Place |