£361,612
This estimated value is based upon the latest sale price for the house of £320,000 on 28 May 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
| Price Paid | Date |
|---|---|
| £320,000 | 28 May 2021 |
| £320,000 | 30 Jul 2018 |
| £245,000 | 30 Jul 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 May 2021 the House Price Index for GREATER LONDON was 131.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 13.004%.Applying this 13.004% change to the original purchase price of £320,000 results in an estimated price of approximately £361,612.
| 28 May 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 148.6 | 13.004 % | £320,000 | £41,612 | £361,612 |
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 | -19.106 % | £-61,140 | £258,859 |
| 3 Month Average | 21.555 % | £68,976 | £388,976 |
| 6 Month Average | -7.110 % | £-22,751 | £297,248 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £406,011 | £400,000 | 14 ST TIMOTHYS MEWS |
| 30 Jun 2023 | £597,234 | £590,000 | 20B PARK ROAD |
| 3 Mar 2023 | £116,094 | £115,000 | FLAT 9 KENDALL LODGE WILLOW TREE WALK |
| 4 Apr 2022 | £278,046 | £270,000 | FLAT 7 THE OLD COURTYARD, 36 PARK ROAD |
| 11 Mar 2022 | £846,626 | £817,000 | 62 PARK ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 10 Sep 2020. Using an estimated price of £361,612 means this house is valued at £5,928 per sq meter (£550 per sq foot).
The average size of a house on PARK ROAD is 95 sq meters (1,025 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Grove |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Esther Mews |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near A222 |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near A222 |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Denmark Road |