£395,797
This estimated value is based upon the latest sale price for the house of £230,000 on 11 Sep 2008. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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Price Paid | Date |
---|---|
£230,000 | 11 Sep 2008 |
Terraced |
Freehold |
Floor Area: 106 sq meters or 1,140 sq feet |
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 September 2008 the House Price Index for WEST SUSSEX was 86.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.086%.Applying this 72.086% change to the original purchase price of £230,000 results in an estimated price of approximately £395,797.
11 Sep 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.4 | 148.6 | 72.086 % | £230,000 | £165,797 | £395,797 |
The Postcode Pricing Model uses changes in average sales price within the RH10 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 | 14.595 % | £33,567 | £263,567 |
3 Month Average | 43.604 % | £100,290 | £330,290 |
6 Month Average | 64.095 % | £147,418 | £377,418 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £192,366 | £189,000 | 53 COMMONWEALTH DRIVE |
17 Mar 2023 | £373,519 | £370,000 | 62 COMMONWEALTH DRIVE |
28 Sep 2022 | £332,316 | £335,000 | 40 COMMONWEALTH DRIVE |
25 Jul 2022 | £315,850 | £315,000 | FLAT 93 RAMPLING COURT COMMONWEALTH DRIVE |
1 Jul 2022 | £213,074 | £212,500 | FLAT 28 RAMPLING COURT COMMONWEALTH DRIVE |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 15 Jun 2018. Using an estimated price of £395,798 means this house is valued at £3,733 per sq meter (£346 per sq foot).
The average size of a house on COMMONWEALTH DRIVE is 67 sq meters (727 sq feet).