Full Address

61 MANOR ROAD
LANCING
LANCING
WEST SUSSEX
UNITED KINGDOM
BN15 0EY

Estimated Market Value

£829,040

This estimated value is based upon the latest sale price for the house of £515,000 on 14 Mar 2006. This value is then adjusted by the current Official House Price Index for WEST SUSSEX1

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Transactions for this house
Price PaidDate
£515,00014 Mar 2006
House Details
Detached
Freehold

House Price Models

Land Registry House Price Index Model

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 March 2006 the House Price Index for WEST SUSSEX was 76.0.

The House Price Index as of 1 Dec 2019 is 122.4 which is a change of 60.979%.

Applying this 60.979% change to the original purchase price of £515,000 gives us an estimated price now of around £829,040.

14 Mar 2006 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
76.0 122.4 60.979 % £515,000 £314,040 £829,040

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 72.577 % £373,769 £888,769
3 Month Average 68.011 % £350,258 £865,258
6 Month Average 70.666 % £363,928 £878,928

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In March 2006 the average sale price for the 50 nearest sales within two miles of 61 MANOR ROAD was £172,214.

In September 2020 the average sale price for the 6 nearest sales was £308,928. This is a change of 79.386%.

So taking the original purchase price of £515,000 and adjusting it by 79.386% gives an estimated price of £923,839.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 14 Mar 2006 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£172,214 £308,928 79.386 % £515,000 £408,839 £923,839
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
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

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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