£402,790
This estimated value is based upon the latest sale price for the house of £77,000 on 25 Apr 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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118 Burnt Ash Road, Lee, London, SE12 8PU
Phone: 02081281053
| Price Paid | Date |
|---|---|
| £77,000 | 25 Apr 1997 |
| Terraced |
| Freehold |
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 1997 the House Price Index for GREATER LONDON was 28.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 423.104%.Applying this 423.104% change to the original purchase price of £77,000 results in an estimated price of approximately £402,790.
| 25 Apr 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 148.6 | 423.104 % | £77,000 | £325,790 | £402,790 |
The Postcode Pricing Model uses changes in average sales price within the SE12 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 | 274.002 % | £210,981 | £287,981 |
| 3 Month Average | 424.750 % | £327,057 | £404,057 |
| 6 Month Average | 458.002 % | £352,661 | £429,661 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £1,647,566 | £1,626,500 | 7 MICHELDEVER ROAD |
| 4 Aug 2023 | £2,168,975 | £2,150,000 | 7 HANDEN ROAD |
| 27 Apr 2023 | £2,249,218 | £2,225,000 | 15 HANDEN ROAD |
| 19 Apr 2023 | £1,458,201 | £1,442,500 | 10 MICHELDEVER ROAD |
| 12 Aug 2022 | £1,845,034 | £1,850,000 | 46 SOUTHBROOK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Micheldever Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Micheldever Road |
| Jan 2024 | Public order | Awaiting court outcome | On or near Micheldever Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Micheldever Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Effingham Road |