£311,688
This estimated value is based upon the latest sale price for the house of £180,000 on 31 Jan 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There have been two burglaries within the last year on or near Wellmeadow Road
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Minard Road, SE6 1NP
Phone: 02081155937
Price Paid | Date |
---|---|
£180,000 | 31 Jan 2012 |
£145,350 | 16 May 2005 |
£49,000 | 19 May 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 62 sq meters or 674 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in January 2012 the House Price Index for GREATER LONDON was 86.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.160%.Applying this 73.160% change to the original purchase price of £180,000 results in an estimated price of approximately £311,688.
31 Jan 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.5 | 149.7 | 73.160 % | £180,000 | £131,688 | £311,688 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | 103.381 % | £186,085 | £366,085 |
3 Month Average | 88.311 % | £158,959 | £338,959 |
6 Month Average | 80.798 % | £145,437 | £325,437 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £299,194 | £290,000 | 322C HITHER GREEN LANE |
29 Sep 2023 | £322,100 | £315,000 | 71B WELLMEADOW ROAD |
24 Mar 2023 | £615,275 | £605,000 | 229 SPRINGBANK ROAD |
21 Feb 2023 | £236,580 | £235,000 | FLAT 2 53 WELLMEADOW ROAD |
14 Apr 2022 | £487,588 | £470,000 | 318B HITHER GREEN LANE |
This house has a floor area of 62 sq meters or 674 sq feet when measured on 1 Nov 2011. Using an estimated price of £311,689 means this house is valued at £4,975 per sq meter (£462 per sq foot).
The average size of a house on SPRINGBANK ROAD is 76 sq meters (819 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Burglary | Under investigation | On or near Wellmeadow Road |
Apr 2024 | Other theft | Under investigation | On or near Wellmeadow Road |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Wellmeadow Road |
Apr 2024 | Burglary | Under investigation | On or near Wellmeadow Road |
Apr 2024 | Vehicle crime | Under investigation | On or near Wellmeadow Road |