£281,791
This estimated value is based upon the latest sale price for the house of £218,000 on 20 Apr 2017. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £218,000 | 20 Apr 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 sq feet |
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 April 2017 the House Price Index for EAST SUSSEX was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £218,000 results in an estimated price of approximately £281,791.
| 20 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £218,000 | £63,791 | £281,791 |
The Postcode Pricing Model uses changes in average sales price within the BN23 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 | 23.902 % | £52,106 | £270,106 |
| 3 Month Average | 22.036 % | £48,038 | £266,038 |
| 6 Month Average | 26.761 % | £58,339 | £276,339 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £290,298 | £286,000 | 5 SANDHURST MEWS |
| 14 Jul 2023 | £316,256 | £312,000 | 24 GAINSBOROUGH CRESCENT |
| 28 Nov 2022 | £126,468 | £128,000 | 13 HEREFORD COURT LANGNEY RISE |
| 12 Aug 2022 | £289,221 | £290,000 | 14 REYNOLDS ROAD |
| 10 Dec 2021 | £278,504 | £259,950 | 41 REYNOLDS ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 28 Sep 2016. Using an estimated price of £281,792 means this house is valued at £3,968 per sq meter (£368 per sq foot).
The average size of a house on GAINSBOROUGH CRESCENT is 78 sq meters (843 sq feet).