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|£390,000||19 Jun 2008|
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 June 2008 the House Price Index for WEST SUSSEX was 88.3.The House Price Index as of 1 Dec 2019 is 122.4 which is a change of 38.529%.
Applying this 38.529% change to the original purchase price of £390,000 gives us an estimated price now of around £540,263.
|19 Jun 2008||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||6.891 %||£26,876||£416,876|
|3 Month Average||43.044 %||£167,869||£557,869|
|6 Month Average||28.369 %||£110,639||£500,639|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In June 2008 the average sale price for the 50 nearest sales within two miles of 27 PENLAND ROAD was £258,440.
In September 2020 the average sale price for the 3 nearest sales was £581,696. This is a change of 125.080%.
So taking the original purchase price of £390,000 and adjusting it by 125.080% gives an estimated price of £877,810.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 19 Jun 2008||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||£426,282||£417,500||67 PASTURE HILL ROAD|
|13 Jun 2019||£546,253||£535,000||51 HARLANDS ROAD|
|30 Apr 2019||£679,854||£660,000||37 PENLAND ROAD|
|28 Sep 2018||£517,868||£520,000||14 HARLANDS CLOSE|