This estimated value is based upon the latest sale price for the house of £338,000 on 7 Jul 2009. This value is then adjusted by the current Official House Price Index for WEST SUSSEX1
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|£338,000||7 Jul 2009|
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 July 2009 the House Price Index for WEST SUSSEX was 75.2.The House Price Index as of 1 Dec 2019 is 122.4 which is a change of 62.751%.
Applying this 62.751% change to the original purchase price of £338,000 gives us an estimated price now of around £550,099.
|7 Jul 2009||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
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||5.681 %||£19,203||£357,203|
|3 Month Average||59.372 %||£200,676||£538,676|
|6 Month Average||46.915 %||£158,572||£496,572|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In July 2009 the average sale price for the 50 nearest sales within two miles of 23 PENLAND ROAD was £226,323.
In September 2020 the average sale price for the 3 nearest sales was £581,696. This is a change of 157.020%.
So taking the original purchase price of £338,000 and adjusting it by 157.020% gives an estimated price of £868,728.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 7 Jul 2009||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|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|