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|£160,000||7 Dec 2018|
|£124,500||19 Jul 2016|
|£98,000||21 Aug 2009|
|£60,000||19 Mar 2002|
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 December 2018 the House Price Index for EAST SUSSEX was 125.2.The House Price Index as of 1 Dec 2019 is 127.2 which is a change of 1.557%.
Applying this 1.557% change to the original purchase price of £160,000 gives us an estimated price now of around £162,491.
|7 Dec 2018||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||14.306 %||£22,889||£182,889|
|3 Month Average||-1.056 %||£-1,688||£158,311|
|6 Month Average||-1.509 %||£-2,414||£157,585|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In December 2018 the average sale price for the 50 nearest sales within two miles of KINGSWOOD HOUSE, 13 FLAT 9 NORTH STREET was £248,584.
In September 2020 the average sale price for the 5 nearest sales was £332,688. This is a change of 33.833%.
So taking the original purchase price of £160,000 and adjusting it by 33.833% gives an estimated price of £214,133.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 7 Dec 2018||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|
|22 Aug 2019||£144,798||£145,000||57 HIGH STREET|
|16 Aug 2019||£160,027||£160,250||13 CARRIERS PATH|
|16 May 2019||£120,231||£118,500||FLAT 20 BELMONT COURT LINDFIELD DRIVE|