£138,137
This estimated value is based upon the latest sale price for the house of £112,000 on 24 Jul 2019. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £112,000 | 24 Jul 2019 |
| £31,950 | 20 Oct 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 July 2019 the House Price Index for EAST SUSSEX was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £112,000 results in an estimated price of approximately £138,137.
| 24 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £112,000 | £26,137 | £138,137 |
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 | 8.828 % | £9,887 | £121,887 |
| 3 Month Average | 12.872 % | £14,416 | £126,416 |
| 6 Month Average | 22.322 % | £25,000 | £137,000 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £316,256 | £312,000 | 24 GAINSBOROUGH CRESCENT |
| 6 Mar 2023 | £282,663 | £280,000 | 4 LAWRENCE CLOSE |
| 27 Feb 2023 | £297,300 | £297,500 | 2 ASHGATE ROAD |
| 28 Nov 2022 | £126,468 | £128,000 | 13 HEREFORD COURT LANGNEY RISE |
| 30 Mar 2022 | £282,381 | £272,500 | 5 LAWRENCE CLOSE |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 23 Mar 2016. Using an estimated price of £138,138 means this house is valued at £3,453 per sq meter (£320 per sq foot).
The average size of a house on LANGNEY RISE is 76 sq meters (828 sq feet).
This house is the smallest in the street with a floor area of 40 sq meters (430 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Gainsborough Crescent | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Gainsborough Crescent |
| Feb 2024 | Anti-social behaviour | On or near Gainsborough Crescent | |
| Feb 2024 | Anti-social behaviour | On or near Gainsborough Crescent | |
| Feb 2024 | Anti-social behaviour | On or near Gainsborough Crescent |