£468,760
This estimated value is based upon the latest sale price for the house of £380,000 on 20 Dec 2018. 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 |
|---|---|
| £380,000 | 20 Dec 2018 |
| Semi-Detached |
| Leasehold |
| Floor Area: 93 sq meters or 1,001 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 December 2018 the House Price Index for GREATER LONDON was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £380,000 results in an estimated price of approximately £468,760.
| 20 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £380,000 | £88,760 | £468,760 |
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 | -11.238 % | £-42,706 | £337,293 |
| 3 Month Average | 11.238 % | £42,703 | £422,703 |
| 6 Month Average | 5.959 % | £22,643 | £402,643 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Mar 2023 | £449,232 | £445,000 | 2 HANSOM TERRACE |
| 10 Jun 2022 | £337,266 | £332,500 | 11B FREELANDS ROAD |
| 30 Jun 2021 | £275,742 | £257,000 | FLAT 13 SUMMERFIELD, 3 FREELANDS ROAD |
| 7 Dec 2020 | £470,563 | £410,000 | FLAT A 2 FREELANDS ROAD |
| 26 Nov 2020 | £486,929 | £420,000 | 6 HANSOM TERRACE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 27 Jan 2016. Using an estimated price of £468,760 means this house is valued at £5,040 per sq meter (£468 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 |
| Apr 2024 | Vehicle crime | Under investigation | On or near Freelands Road |
| Feb 2024 | Vehicle crime | Under investigation | On or near Freelands Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Freelands Road |