£497,660
This estimated value is based upon the latest sale price for the house of £385,000 on 27 Apr 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £385,000 | 27 Apr 2017 |
| £163,000 | 31 Mar 2005 |
| £110,000 | 21 Aug 2000 |
| £67,000 | 17 Dec 1999 |
| £57,000 | 7 Mar 1997 |
| £49,000 | 4 May 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 April 2017 the House Price Index for GREATER LONDON was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £385,000 results in an estimated price of approximately £497,660.
| 27 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £385,000 | £112,660 | £497,660 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | -28.393 % | £-109,311 | £275,688 |
| 3 Month Average | 15.415 % | £59,348 | £444,348 |
| 6 Month Average | 10.133 % | £39,010 | £424,010 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £678,678 | £670,000 | 20 THEODORE ROAD |
| 24 Jul 2023 | £826,119 | £815,000 | 221 GEORGE LANE |
| 7 Mar 2023 | £522,927 | £518,000 | 11 THEODORE ROAD |
| 13 Feb 2023 | £367,253 | £367,500 | 8A SPRINGRICE ROAD |
| 1 Jul 2022 | £526,417 | £525,000 | 17A THEODORE ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 6 Apr 2016. Using an estimated price of £497,660 means this house is valued at £6,911 per sq meter (£642 per sq foot).
The average size of a house on GEORGE LANE is 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Stainton Road |
| Mar 2024 | Anti-social behaviour | On or near Stainton Road | |
| Apr 2024 | Theft from the person | Under investigation | On or near George Lane |
| Feb 2024 | Other theft | Under investigation | On or near George Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Springrice Road |