£347,537
This estimated value is based upon the latest sale price for the house of £322,000 on 21 Dec 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3 Wallington Square, Wallington, SM6 8RG
Phone: 02036411322
Price Paid | Date |
---|---|
£322,000 | 21 Dec 2021 |
£235,000 | 14 Mar 2014 |
£209,995 | 28 Nov 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 592 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 December 2021 the House Price Index for GREATER LONDON was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £322,000 results in an estimated price of approximately £347,537.
21 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 149.7 | 7.931 % | £322,000 | £25,537 | £347,537 |
The Postcode Pricing Model uses changes in average sales price within the SM6 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 | -39.164 % | £-126,109 | £195,890 |
3 Month Average | 2.059 % | £6,631 | £328,631 |
6 Month Average | 7.598 % | £24,465 | £346,465 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £328,334 | £320,000 | 10 HANNO CLOSE |
16 Jun 2023 | £321,442 | £315,000 | 7 HANNO CLOSE |
5 Apr 2023 | £282,789 | £277,500 | 13 HENGIST WAY |
30 Jan 2023 | £320,857 | £320,000 | 43 HERON WAY |
27 Jan 2023 | £240,643 | £240,000 | 25 HENGIST WAY |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 13 Oct 2013. Using an estimated price of £347,537 means this house is valued at £6,318 per sq meter (£587 per sq foot).
The average size of a house on HANNO CLOSE is 92 sq meters (993 sq feet).
This house is the smallest in the street with a floor area of 55 sq meters (592 sq feet).