£388,498
This estimated value is based upon the latest sale price for the house of £230,000 on 12 Oct 2006. This value is then adjusted by the current Official House Price Index for BRIGHTON AND HOVE 1
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| Price Paid | Date |
|---|---|
| £230,000 | 12 Oct 2006 |
| £45,000 | 1 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 782 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 October 2006 the House Price Index for BRIGHTON AND HOVE was 88.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.912%.Applying this 68.912% change to the original purchase price of £230,000 results in an estimated price of approximately £388,498.
| 12 Oct 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.6 | 68.912 % | £230,000 | £158,498 | £388,498 |
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 | 54.239 % | £124,749 | £354,749 |
| 3 Month Average | 69.175 % | £159,103 | £389,103 |
| 6 Month Average | 93.679 % | £215,460 | £445,460 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £202,590 | £200,000 | 83 ST JAMES'S STREET |
| 29 Aug 2023 | £416,141 | £412,500 | FLAT 6 GLENSIDE COURT, 37 MARINE PARADE |
| 29 Mar 2023 | £585,516 | £580,000 | 25 MARGARET STREET |
| 26 Jan 2023 | £427,984 | £430,000 | FLAT 10 GLENSIDE COURT, 37 MARINE PARADE |
| 16 Aug 2022 | £289,221 | £290,000 | FLAT 4 41 - 45 ST JAMES'S STREET |
This house has a floor area of 72 sq meters or 782 sq feet when measured on 10 Dec 2010. Using an estimated price of £388,498 means this house is valued at £5,346 per sq meter (£496 per sq foot).
The average size of a house on NEW STEINE is 53 sq meters (577 sq feet).