£549,820
This estimated value is based upon the latest sale price for the house of £370,000 on 6 Jan 2015. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £370,000 | 6 Jan 2015 |
| £300,000 | 2 Dec 2013 |
| £272,500 | 16 Mar 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 88 sq meters or 947 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 January 2015 the House Price Index for BRIGHTON AND HOVE was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £370,000 results in an estimated price of approximately £549,820.
| 6 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £370,000 | £179,820 | £549,820 |
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 | 28.141 % | £104,121 | £474,121 |
| 3 Month Average | 32.345 % | £119,674 | £489,674 |
| 6 Month Average | 35.889 % | £132,789 | £502,789 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £508,904 | £500,000 | FLAT 6 ALPHA HOUSE ST JOHNS ROAD |
| 30 Sep 2022 | £322,397 | £325,000 | LOWER GROUND FLOOR FLAT 1 29 PALMEIRA SQUARE |
| 1 Sep 2022 | £262,877 | £265,000 | 2 ST JOHNS ROAD |
| 15 Jun 2022 | £1,658,437 | £1,635,000 | 29 ST JOHNS ROAD |
| 30 May 2022 | £389,846 | £382,500 | FLAT 21B PALMEIRA AVENUE MANSIONS, 21 - 23 CHURCH ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 20 Oct 2021. Using an estimated price of £549,820 means this house is valued at £6,247 per sq meter (£580 per sq foot).
The average size of a house on PALMEIRA SQUARE is 89 sq meters (963 sq feet).