£441,085
This estimated value is based upon the latest sale price for the house of £145,000 on 22 Mar 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 |
---|---|
£145,000 | 22 Mar 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 656 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 March 2002 the House Price Index for BRIGHTON AND HOVE was 49.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 204.197%.Applying this 204.197% change to the original purchase price of £145,000 results in an estimated price of approximately £441,085.
22 Mar 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
49.2 | 149.7 | 204.197 % | £145,000 | £296,085 | £441,085 |
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 | 259.536 % | £376,327 | £521,327 |
3 Month Average | 219.313 % | £318,003 | £463,003 |
6 Month Average | 204.752 % | £296,890 | £441,890 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Apr 2024 | £580,037 | £575,000 | 24 MARGARET STREET |
18 Dec 2023 | £534,422 | £518,000 | 10 CAMELFORD STREET |
18 Sep 2023 | £204,508 | £200,000 | 83 ST JAMES'S STREET |
29 Aug 2023 | £420,077 | £412,500 | FLAT 6 GLENSIDE COURT, 37 MARINE PARADE |
29 Mar 2023 | £589,851 | £580,000 | 25 MARGARET STREET |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 16 Nov 2016. Using an estimated price of £441,085 means this house is valued at £7,230 per sq meter (£671 per sq foot).
The average size of a house on MARINE PARADE is 80 sq meters (861 sq feet).