£258,722
This estimated value is based upon the latest sale price for the house of £46,000 on 24 Feb 1995. 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 |
---|---|
£46,000 | 24 Feb 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 72 sq meters or 775 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 February 1995 the House Price Index for GREATER LONDON was 26.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 462.439%.Applying this 462.439% change to the original purchase price of £46,000 results in an estimated price of approximately £258,722.
24 Feb 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.6 | 149.7 | 462.439 % | £46,000 | £212,722 | £258,722 |
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 | 366.443 % | £168,563 | £214,563 |
3 Month Average | 419.003 % | £192,741 | £238,741 |
6 Month Average | 422.223 % | £194,222 | £240,222 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Oct 2023 | £460,458 | £450,000 | 15 NARROW WAY |
31 Mar 2023 | £422,048 | £415,000 | 26 MONS WAY |
22 Aug 2022 | £467,185 | £465,000 | 2 SHELL CLOSE |
8 Jul 2022 | £484,858 | £480,000 | 15 MONS WAY |
1 Jun 2022 | £526,249 | £515,000 | 19 NARROW WAY |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 9 Jul 2019. Using an estimated price of £258,722 means this house is valued at £3,593 per sq meter (£333 per sq foot).
The average size of a house on MOSUL WAY is 77 sq meters (833 sq feet).