£241,360
This estimated value is based upon the latest sale price for the house of £179,950 on 24 Aug 2016. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £179,950 | 24 Aug 2016 |
| £142,500 | 27 Oct 2006 |
| £126,500 | 26 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 sq feet |
This model uses changes in the Official Land Registry House Price Index for EAST SUSSEX to estimate the market value.
When this house was purchased in August 2016 the House Price Index for EAST SUSSEX was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £179,950 results in an estimated price of approximately £241,360.
| 24 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £179,950 | £61,410 | £241,360 |
The Postcode Pricing Model uses changes in average sales price within the TN39 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 | 64.914 % | £116,812 | £296,762 |
| 3 Month Average | 32.456 % | £58,404 | £238,354 |
| 6 Month Average | 30.796 % | £55,417 | £235,367 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £422,622 | £415,000 | 5 REDWELL AVENUE |
| 21 Apr 2023 | £305,718 | £300,000 | 22 REDWELL AVENUE |
| 4 Apr 2023 | £270,051 | £265,000 | 22 FAYGATE CLOSE |
| 27 Jan 2023 | £355,951 | £355,000 | 69 WATERGATE |
| 28 Oct 2022 | £320,928 | £322,000 | 1 WATERGATE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 14 Sep 2015. Using an estimated price of £241,360 means this house is valued at £2,742 per sq meter (£254 per sq foot).
The average size of a house on FAYGATE CLOSE is 91 sq meters (985 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Faygate Close |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Faygate Close |
| May 2024 | Criminal damage and arson | Under investigation | On or near Redwell Avenue |
| Apr 2024 | Anti-social behaviour | On or near Redwell Avenue | |
| Apr 2024 | Anti-social behaviour | On or near Redwell Avenue |