£2,597,438
This estimated value is based upon the latest sale price for the house of £1,700,000 on 1 Jul 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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179 Kennington Lane, London, SE11 4EZ
Phone: 02030074597
Price Paid | Date |
---|---|
£1,700,000 | 1 Jul 2014 |
£236,000 | 9 May 1997 |
Terraced |
Freehold |
Floor Area: 120 sq meters or 1,291 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 July 2014 the House Price Index for GREATER LONDON was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £1,700,000 results in an estimated price of approximately £2,597,438.
1 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
97.3 | 148.6 | 52.790 % | £1,700,000 | £897,438 | £2,597,438 |
The Postcode Pricing Model uses changes in average sales price within the SE11 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 | -26.165 % | £-444,799 | £1,255,200 |
3 Month Average | 9.203 % | £156,454 | £1,856,454 |
6 Month Average | 16.304 % | £277,172 | £1,977,172 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Sep 2023 | £1,357,355 | £1,340,000 | 50 CLEAVER SQUARE |
31 Aug 2023 | £544,766 | £540,000 | 29 METHLEY STREET |
6 Jul 2023 | £780,505 | £770,000 | GROUND AND FIRST FLOOR FLAT 50 METHLEY STREET |
23 Jun 2023 | £1,407,044 | £1,390,000 | 31 CLEAVER SQUARE |
23 Feb 2023 | £1,973,672 | £1,975,000 | 15 CLEAVER SQUARE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 3 Apr 2014. Using an estimated price of £2,597,438 means this house is valued at £21,645 per sq meter (£2,010 per sq foot).
The average size of a house on CLEAVER SQUARE is 148 sq meters (1,594 sq feet).