£236,784
This estimated value is based upon the latest sale price for the house of £47,000 on 18 Aug 1997. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £47,000 | 18 Aug 1997 |
| £44,000 | 4 Dec 1995 |
| Flats/Maisonettes |
| Leasehold |
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 August 1997 the House Price Index for WEST SUSSEX was 29.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 403.797%.Applying this 403.797% change to the original purchase price of £47,000 results in an estimated price of approximately £236,784.
| 18 Aug 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 148.6 | 403.797 % | £47,000 | £189,784 | £236,784 |
The Postcode Pricing Model uses changes in average sales price within the PO21 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 | 129.937 % | £61,070 | £108,070 |
| 3 Month Average | 295.583 % | £138,924 | £185,924 |
| 6 Month Average | 349.168 % | £164,108 | £211,108 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2022 | £247,997 | £250,000 | FLAT 8 MARINE PARK NYEWOOD LANE |
| 1 Sep 2022 | £282,717 | £285,000 | FLAT 25 MARINE PARK NYEWOOD LANE |
| 28 Jul 2022 | £99,769 | £99,500 | FLAT 5 14 - 16 STOCKER ROAD |
| 21 Jun 2022 | £126,792 | £125,000 | FLAT 2 87 ALDWICK ROAD |
| 27 May 2022 | £239,513 | £235,000 | FLAT 3 MARINE PARK NYEWOOD LANE |