£93,634
This estimated value is based upon the latest sale price for the house of £92,500 on 21 Jun 2023. This value is then adjusted by the current Official House Price Index for WEST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £92,500 | 21 Jun 2023 |
| £181,950 | 30 May 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 502 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST SUSSEX to estimate the market value.
When this house was purchased in June 2023 the House Price Index for WEST SUSSEX was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £92,500 results in an estimated price of approximately £93,634.
| 21 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £92,500 | £1,134 | £93,634 |
The Postcode Pricing Model uses changes in average sales price within the PO21 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 | -59.383 % | £-54,929 | £37,570 |
| 3 Month Average | -16.923 % | £-15,653 | £76,846 |
| 6 Month Average | -6.921 % | £-6,402 | £86,097 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £198,473 | £195,000 | FLAT 4 THE SHRUBBERY, 41 UPPER BOGNOR ROAD |
| 17 Nov 2023 | £116,728 | £115,000 | FLAT 14 GERARD LODGE, 26 UPPER BOGNOR ROAD |
| 11 Aug 2023 | £298,612 | £296,000 | 22 HOOK LANE |
| 21 Jun 2023 | £93,634 | £92,500 | FLAT 4 GERARD LODGE, 26 UPPER BOGNOR ROAD |
| 24 Feb 2023 | £141,905 | £142,000 | FLAT 25 MELANIES GARDENS MEAD LANE |
This house has a floor area of 46 sq meters or 502 sq feet when measured on 25 Mar 2009. Using an estimated price of £93,634 means this house is valued at £2,004 per sq meter (£186 per sq foot).
The average size of a house on UPPER BOGNOR ROAD is 67 sq meters (724 sq feet).