This estimated value is based upon the latest sale price for the house of £36,000 on 9 May 1997. This value is then adjusted by the current Official House Price Index for EAST SUSSEX1
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|£36,000||9 May 1997|
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 May 1997 the House Price Index for EAST SUSSEX was 27.2.The House Price Index as of 1 Dec 2019 is 127.2 which is a change of 367.087%.
Applying this 367.087% change to the original purchase price of £36,000 gives us an estimated price now of around £168,151.
|9 May 1997||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||356.857 %||£128,468||£164,468|
|3 Month Average||295.499 %||£106,379||£142,379|
|6 Month Average||304.916 %||£109,769||£145,769|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 1997 the average sale price for the 50 nearest sales within two miles of KINGSWOOD HOUSE, 13 FLAT 3 NORTH STREET was £61,785.
In September 2020 the average sale price for the 5 nearest sales was £332,688. This is a change of 438.461%.
So taking the original purchase price of £36,000 and adjusting it by 438.461% gives an estimated price of £193,845.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 9 May 1997||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|
|14 Oct 2019||£156,259||£158,000||4B GARFIELD ROAD|
|22 Aug 2019||£144,798||£145,000||57 HIGH STREET|
|16 Aug 2019||£160,027||£160,250||13 CARRIERS PATH|