£576,735
This estimated value is based upon the latest sale price for the house of £212,500 on 20 Sep 2002. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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Price Paid | Date |
---|---|
£212,500 | 20 Sep 2002 |
£212,500 | 9 Sep 2002 |
£126,750 | 15 Mar 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 95 sq meters or 1,022 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 September 2002 the House Price Index for BRIGHTON AND HOVE was 55.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 171.405%.Applying this 171.405% change to the original purchase price of £212,500 results in an estimated price of approximately £576,735.
20 Sep 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
55.2 | 149.7 | 171.405 % | £212,500 | £364,235 | £576,735 |
The Postcode Pricing Model uses changes in average sales price within the BN2 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 | 220.614 % | £468,805 | £681,305 |
3 Month Average | 174.720 % | £371,279 | £583,779 |
6 Month Average | 177.297 % | £376,755 | £589,255 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 May 2024 | £425,000 | £425,000 | FLAT 2 115 MARINE PARADE |
26 Apr 2024 | £554,818 | £550,000 | FLAT 5 TAMWORTH HOUSE, 76 MARINE PARADE |
8 Mar 2024 | £406,242 | £400,000 | FLAT 4 157 MARINE PARADE |
6 Nov 2023 | £384,767 | £375,000 | FLAT 11 VICTORIA MANSIONS, 76A MARINE PARADE |
21 Apr 2023 | £453,482 | £445,000 | FLAT 1 VICTORIA MANSIONS, 76A MARINE PARADE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 30 Apr 2018. Using an estimated price of £576,735 means this house is valued at £6,070 per sq meter (£564 per sq foot).
The average size of a house on MARINE PARADE is 80 sq meters (861 sq feet).