This estimated value is based upon the latest sale price for the house of £380,000 on 5 Jun 2009. This value is then adjusted by the current Official House Price Index for WEST SUSSEX1
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|£380,000||5 Jun 2009|
|£300,000||13 Apr 2006|
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 2009 the House Price Index for WEST SUSSEX was 73.6.The House Price Index as of 1 Dec 2019 is 122.4 which is a change of 66.300%.
Applying this 66.300% change to the original purchase price of £380,000 gives us an estimated price now of around £631,940.
|5 Jun 2009||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the BN15 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||51.474 %||£195,600||£575,600|
|3 Month Average||62.257 %||£236,576||£616,576|
|6 Month Average||65.862 %||£250,275||£630,275|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In June 2009 the average sale price for the 50 nearest sales within three miles of 53 MANOR ROAD was £177,020.
In September 2020 the average sale price for the 6 nearest sales was £308,928. This is a change of 74.516%.
So taking the original purchase price of £380,000 and adjusting it by 74.516% gives an estimated price of £663,161.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 5 Jun 2009||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|15 Nov 2019||£280,592||£280,000||21 FIRCROFT AVENUE|
|30 Aug 2019||£255,461||£250,000||10 TITHE BARN MILL ROAD|
|25 Jul 2019||£453,471||£445,000||4 FIRCROFT AVENUE|
|30 Nov 2018||£305,800||£305,000||12 FIRCROFT AVENUE|
|29 Jun 2018||£276,664||£270,000||12 TITHE BARN MILL ROAD|