£540,433
This estimated value is based upon the latest sale price for the house of £500,000 on 30 Jun 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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187c Southborough Lane, Bromley, BR2 8AR
Phone: 02030074690
| Price Paid | Date |
|---|---|
| £500,000 | 30 Jun 2021 |
| £268,000 | 30 Oct 2003 |
| Semi-Detached |
| Freehold |
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 June 2021 the House Price Index for GREATER LONDON was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £500,000 results in an estimated price of approximately £540,433.
| 30 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £500,000 | £40,433 | £540,433 |
The Postcode Pricing Model uses changes in average sales price within the BR2 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 | -11.920 % | £-59,599 | £440,400 |
| 3 Month Average | -1.611 % | £-8,055 | £491,944 |
| 6 Month Average | -1.712 % | £-8,562 | £491,437 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2024 | £629,674 | £620,000 | 252 SOUTHBOROUGH LANE |
| 20 Dec 2023 | £555,056 | £538,000 | 25 HOLMCROFT WAY |
| 16 Aug 2023 | £458,265 | £450,000 | 276 SOUTHBOROUGH LANE |
| 19 Jun 2023 | £387,771 | £380,000 | 2A MAGPIE HALL LANE |
| 13 Jun 2022 | £143,058 | £140,000 | FLAT 12 SOVEREIGN COURT, 16 MAGPIE HALL LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Stiles Close |