£368,187
This estimated value is based upon the latest sale price for the house of £300,000 on 16 Nov 2018. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £300,000 | 16 Nov 2018 |
| £172,000 | 7 Nov 2003 |
| £129,000 | 10 Jan 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 2018 the House Price Index for BRIGHTON AND HOVE was 120.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.729%.Applying this 22.729% change to the original purchase price of £300,000 results in an estimated price of approximately £368,187.
| 16 Nov 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.0 | 22.729 % | £300,000 | £68,187 | £368,187 |
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 | 26.085 % | £78,255 | £378,255 |
| 3 Month Average | 12.905 % | £38,714 | £338,714 |
| 6 Month Average | 18.102 % | £54,305 | £354,305 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Dec 2023 | £260,937 | £256,000 | FLAT 6 21 LOWER ROCK GARDENS |
| 29 Aug 2023 | £140,857 | £140,000 | FLAT 6 25 - 26 LOWER ROCK GARDENS |
| 7 Jul 2023 | £277,626 | £275,000 | FLAT 5 18 ATLINGWORTH STREET |
| 2 Feb 2023 | £273,705 | £275,000 | FLAT 2 23 LOWER ROCK GARDENS |
| 26 Jan 2023 | £157,616 | £159,000 | THIRD FLOOR FLAT 12 LOWER ROCK GARDENS |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 8 May 2018. Using an estimated price of £368,187 means this house is valued at £5,113 per sq meter (£475 per sq foot).
The average size of a house on LOWER ROCK GARDENS is 40 sq meters (435 sq feet).