£356,976
This estimated value is based upon the latest sale price for the house of £188,000 on 15 Oct 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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424 Downham Way, Bromley, BR1 5HR
Phone: 02036418583
| Price Paid | Date |
|---|---|
| £188,000 | 15 Oct 2004 |
| 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 October 2004 the House Price Index for GREATER LONDON was 78.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 89.881%.Applying this 89.881% change to the original purchase price of £188,000 results in an estimated price of approximately £356,976.
| 15 Oct 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 148.6 | 89.881 % | £188,000 | £168,976 | £356,976 |
The Postcode Pricing Model uses changes in average sales price within the BR1 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 | 81.870 % | £153,915 | £341,915 |
| 3 Month Average | 97.430 % | £183,168 | £371,168 |
| 6 Month Average | 98.363 % | £184,922 | £372,922 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2024 | £315,000 | £315,000 | 99 GOUDHURST ROAD |
| 25 Sep 2023 | £426,453 | £421,000 | 119 RANGEFIELD ROAD |
| 7 Jul 2023 | £405,457 | £400,000 | 48 GOUDHURST ROAD |
| 25 Apr 2023 | £412,441 | £408,000 | 114 KEEDONWOOD ROAD |
| 16 Jan 2023 | £368,265 | £370,000 | 1 ELMSCOTT ROAD |