£310,813
This estimated value is based upon the latest sale price for the house of £305,000 on 6 Apr 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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157 New Cross Road, New Cross, SE14 5DG
Phone: 02081154572
| Price Paid | Date |
|---|---|
| £305,000 | 6 Apr 2023 |
| £318,000 | 22 Sep 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 398 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 April 2023 the House Price Index for GREATER LONDON was 146.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.906%.Applying this 1.906% change to the original purchase price of £305,000 results in an estimated price of approximately £310,813.
| 6 Apr 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 149.7 | 1.906 % | £305,000 | £5,813 | £310,813 |
The Postcode Pricing Model uses changes in average sales price within the SE14 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 | 15.490 % | £47,245 | £352,245 |
| 3 Month Average | 6.958 % | £21,220 | £326,220 |
| 6 Month Average | -2.421 % | £-7,383 | £297,616 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £552,172 | £540,000 | GROUND FLOOR FLAT 300 QUEENS ROAD |
| 11 Aug 2023 | £305,510 | £300,000 | FLAT 22 THE ELECTRIC EMPIRE, 182 NEW CROSS ROAD |
| 6 Apr 2023 | £310,813 | £305,000 | 180C NEW CROSS ROAD |
| 6 Jan 2023 | £120,321 | £120,000 | 367 QUEENS ROAD |
| 10 Feb 2022 | £665,568 | £630,000 | FLAT 2 286 QUEENS ROAD |
This house has a floor area of 37 sq meters or 398 sq feet when measured on 9 May 2014. Using an estimated price of £310,813 means this house is valued at £8,400 per sq meter (£780 per sq foot).
The average size of a house on NEW CROSS ROAD is 74 sq meters (802 sq feet).