£1,061,013
This estimated value is based upon the latest sale price for the house of £850,000 on 12 Apr 2018. This value is then adjusted by the current Official House Price Index for EAST SUSSEX 1
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| Price Paid | Date |
|---|---|
| £850,000 | 12 Apr 2018 |
| Detached |
| Freehold |
| Floor Area: 217 sq meters or 2,335 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 April 2018 the House Price Index for EAST SUSSEX was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £850,000 results in an estimated price of approximately £1,061,013.
| 12 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 148.6 | 24.825 % | £850,000 | £211,013 | £1,061,013 |
The Postcode Pricing Model uses changes in average sales price within the TN39 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 | 7.633 % | £64,880 | £914,880 |
| 3 Month Average | 5.192 % | £44,135 | £894,135 |
| 6 Month Average | 18.390 % | £156,316 | £1,006,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £418,663 | £415,000 | 5 REDWELL AVENUE |
| 11 Jul 2023 | £1,038,984 | £1,025,000 | ISTANA FREEZELAND LANE |
| 21 Apr 2023 | £303,265 | £300,000 | 22 REDWELL AVENUE |
| 29 Jul 2022 | £310,837 | £310,000 | 26 REDWELL AVENUE |
| 5 Jul 2022 | £292,788 | £292,000 | 20 REDWELL AVENUE |
This house has a floor area of 217 sq meters or 2,335 sq feet when measured on 6 Jan 2018. Using an estimated price of £1,061,014 means this house is valued at £4,889 per sq meter (£454 per sq foot).
The average size of a house on WATERMILL LANE is 156 sq meters (1,685 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Freezeland Lane |
| Mar 2024 | Other theft | Under investigation | On or near Freezeland Lane |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Freezeland Lane |
| Mar 2024 | Anti-social behaviour | On or near Redwell Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Redwell Avenue |