£554,247
This estimated value is based upon the latest sale price for the house of £325,000 on 10 May 2012. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £325,000 | 10 May 2012 |
| £250,000 | 31 Jul 2006 |
| £165,000 | 23 Mar 2001 |
| £71,500 | 22 Nov 1996 |
| £51,250 | 28 Jun 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 90 sq meters or 973 sq feet |
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 May 2012 the House Price Index for BRIGHTON AND HOVE was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.538%.Applying this 70.538% change to the original purchase price of £325,000 results in an estimated price of approximately £554,247.
| 10 May 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.538 % | £325,000 | £229,247 | £554,247 |
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 | 66.534 % | £216,234 | £541,234 |
| 3 Month Average | 60.671 % | £197,180 | £522,180 |
| 6 Month Average | 70.062 % | £227,700 | £552,700 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £750,000 | £750,000 | FLAT 3 62 THE DRIVE |
| 3 Nov 2023 | £345,109 | £340,000 | FLAT 10 DRIVE LODGE, 68 - 70 THE DRIVE |
| 7 Aug 2023 | £332,912 | £330,000 | FLAT 3 99 THE DRIVE |
| 28 Jul 2023 | £699,413 | £690,000 | FLAT 4 26 THE DRIVE |
| 12 Apr 2023 | £384,136 | £380,000 | FLAT 32 DRIVE LODGE, 68 - 70 THE DRIVE |
This house has a floor area of 90 sq meters or 973 sq feet when measured on 16 Feb 2011. Using an estimated price of £554,247 means this house is valued at £6,131 per sq meter (£569 per sq foot).
The average size of a house on THE DRIVE is 74 sq meters (797 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near The Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Drive |
| Mar 2024 | Public order | Under investigation | On or near The Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Drive |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near The Drive |