£763,779
This estimated value is based upon the latest sale price for the house of £605,000 on 23 Mar 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £605,000 | 23 Mar 2018 |
| £570,000 | 3 Jun 2016 |
| Terraced |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 March 2018 the House Price Index for GREATER LONDON was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £605,000 results in an estimated price of approximately £763,779.
| 23 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 149.7 | 26.245 % | £605,000 | £158,779 | £763,779 |
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 | 10.458 % | £63,270 | £668,270 |
| 3 Month Average | -1.158 % | £-7,006 | £597,993 |
| 6 Month Average | 12.963 % | £78,427 | £683,427 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £460,143 | £450,000 | 58 RADFORD ROAD |
| 29 Jun 2023 | £377,566 | £370,000 | 187B HITHER GREEN LANE |
| 10 Feb 2023 | £420,811 | £418,000 | 179B HITHER GREEN LANE |
| 24 Nov 2022 | £323,487 | £325,000 | 118 HITHER GREEN LANE |
| 18 May 2022 | £280,816 | £273,500 | FLAT 1 195 HITHER GREEN LANE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 1 Dec 2015. Using an estimated price of £763,780 means this house is valued at £7,344 per sq meter (£682 per sq foot).
The average size of a house on HITHER GREEN LANE is 67 sq meters (726 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Hither Green Lane |