£533,099
This estimated value is based upon the latest sale price for the house of £380,000 on 20 Nov 2015. 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 |
|---|---|
| £380,000 | 20 Nov 2015 |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 November 2015 the House Price Index for GREATER LONDON was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £380,000 results in an estimated price of approximately £533,099.
| 20 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £380,000 | £153,099 | £533,099 |
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 | -3.759 % | £-14,282 | £365,717 |
| 3 Month Average | 24.979 % | £94,922 | £474,922 |
| 6 Month Average | 32.125 % | £122,076 | £502,076 |
| 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 |
| 23 Jun 2023 | £336,748 | £330,000 | 239 SOUTHBOROUGH LANE |
| 19 Jun 2023 | £387,771 | £380,000 | 2A MAGPIE HALL LANE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 26 Nov 2019. Using an estimated price of £533,099 means this house is valued at £5,732 per sq meter (£532 per sq foot).
The average size of a house on SOUTHBOROUGH LANE is 117 sq meters (1,266 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Stiles Close |