This estimated value is based upon the latest sale price for the house of £176,000 on 10 Dec 2004. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE1
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|£176,000||10 Dec 2004|
|£65,750||23 May 2003|
This model uses changes in the Official Land Registry House Price Index for BRIGHTON AND HOVE to estimate the market value.
When this house was purchased in December 2004 the House Price Index for BRIGHTON AND HOVE was 68.7.The House Price Index as of 1 Jun 2019 is 121.3 which is a change of 76.449%.
Applying this 76.449% change to the original purchase price of £176,000 gives us an estimated price now of around £310,550.
|10 Dec 2004||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the BN3 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||76.885 %||£135,317||£311,317|
|3 Month Average||90.208 %||£158,766||£334,766|
|6 Month Average||84.637 %||£148,960||£324,960|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In December 2004 the average sale price for the 50 nearest sales within two miles of 377 FLAT 7 KINGSWAY was £210,448.
In October 2019 the average sale price for the 50 nearest sales was £373,556. This is a change of 77.506%.
So taking the original purchase price of £176,000 and adjusting it by 77.506% gives an estimated price of £312,409.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 10 Dec 2004||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|17 Apr 2019||£439,333||£441,000||27 ST LEONARDS AVENUE|
|11 Mar 2019||£430,946||£433,000||49 ST LEONARDS AVENUE|
|4 Mar 2019||£517,533||£520,000||35 ST LEONARDS AVENUE|
|18 Feb 2019||£146,745||£150,000||63 ST LEONARDS AVENUE|
|24 Jan 2019||£610,945||£629,950||41 ST LEONARDS GARDENS|