£508,260
This estimated value is based upon the latest sale price for the house of £396,000 on 8 Feb 2017. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £396,000 | 8 Feb 2017 |
| £310,000 | 18 May 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,264 sq feet |
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 February 2017 the House Price Index for WEST SUSSEX was 114.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 28.349%.Applying this 28.349% change to the original purchase price of £396,000 results in an estimated price of approximately £508,260.
| 8 Feb 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 146.7 | 28.349 % | £396,000 | £112,260 | £508,260 |
The Postcode Pricing Model uses changes in average sales price within the BN43 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 | -43.019 % | £-170,356 | £225,643 |
| 3 Month Average | 20.206 % | £80,016 | £476,016 |
| 6 Month Average | 24.853 % | £98,417 | £494,417 |
This house has a floor area of 117 sq meters or 1,264 sq feet when measured on 3 Feb 2012.
The average size of a house on RAINBOW SQUARE is 97 sq meters (1,050 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Rainbow Square |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Southlands Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Southlands Way |
| Dec 2023 | Vehicle crime | Under investigation | On or near Southlands Way |
| Feb 2024 | Anti-social behaviour | On or near Amber Close |