This estimated value is based upon the latest sale price for the house of £185,000 on 4 Jan 2008. This value is then adjusted by the current Official House Price Index for EAST SUSSEX1
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|£185,000||4 Jan 2008|
This model uses changes in the Official Land Registry House Price Index for EAST SUSSEX to estimate the market value.
When this house was purchased in January 2008 the House Price Index for EAST SUSSEX was 97.1.The House Price Index as of 1 Dec 2019 is 127.2 which is a change of 30.983%.
Applying this 30.983% change to the original purchase price of £185,000 gives us an estimated price now of around £242,318.
|4 Jan 2008||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the BN27 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||50.949 %||£94,254||£279,254|
|3 Month Average||27.032 %||£50,009||£235,009|
|6 Month Average||28.294 %||£52,343||£237,343|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In January 2008 the average sale price for the 50 nearest sales within six miles of 9 NORTH STREET was £186,633.
In September 2020 the average sale price for the 5 nearest sales was £332,688. This is a change of 78.258%.
So taking the original purchase price of £185,000 and adjusting it by 78.258% gives an estimated price of £329,777.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 4 Jan 2008||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|20 Jan 2020||£81,666||£81,666||FLAT 2 DOWNFORD HOUSE GEORGE STREET|
|25 Oct 2019||£128,567||£130,000||FLAT 5 CLIFTON COURT WESTERN ROAD|
|22 Aug 2019||£144,798||£145,000||57 HIGH STREET|
|16 Aug 2019||£160,027||£160,250||13 CARRIERS PATH|
|16 May 2019||£120,231||£118,500||FLAT 20 BELMONT COURT LINDFIELD DRIVE|