£510,570
This estimated value is based upon the latest sale price for the house of £405,000 on 24 Nov 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £405,000 | 24 Nov 2017 |
| £240,000 | 31 Oct 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 82 sq meters or 884 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 November 2017 the House Price Index for GREATER LONDON was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £405,000 results in an estimated price of approximately £510,570.
| 24 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £405,000 | £105,570 | £510,570 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | -7.548 % | £-30,570 | £374,429 |
| 3 Month Average | 13.667 % | £55,352 | £460,352 |
| 6 Month Average | 10.056 % | £40,725 | £445,725 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £426,338 | £420,600 | FLAT 13 KINGSWOOD COURT HITHER GREEN LANE |
| 16 Jun 2023 | £268,249 | £265,000 | FLAT 62 KINGSWOOD COURT HITHER GREEN LANE |
| 6 Apr 2023 | £328,537 | £325,000 | FLAT 3 KINGSWOOD COURT HITHER GREEN LANE |
| 1 Mar 2023 | £383,614 | £380,000 | FLAT 2 5 HIGHFIELD CLOSE |
| 6 Jan 2023 | £373,242 | £375,000 | FLAT 3 15 HIGHFIELD CLOSE |
This house has a floor area of 82 sq meters or 884 sq feet when measured on 25 Jun 2009. Using an estimated price of £510,571 means this house is valued at £6,214 per sq meter (£577 per sq foot).
The average size of a house on HIGHFIELD CLOSE is 65 sq meters (700 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Highfield Close | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Highfield Close |
| Mar 2024 | Anti-social behaviour | On or near Highfield Close | |
| Feb 2024 | Vehicle crime | Under investigation | On or near Highfield Close |
| Feb 2024 | Anti-social behaviour | On or near Highfield Close |