£1,578,254
This estimated value is based upon the latest sale price for the house of £1,125,000 on 20 Nov 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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157 New Cross Road, New Cross, SE14 5DG
Phone: 02081154572
| Price Paid | Date |
|---|---|
| £1,125,000 | 20 Nov 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 163 sq meters or 1,754 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 2015 the House Price Index for GREATER LONDON was 106.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 40.289%.Applying this 40.289% change to the original purchase price of £1,125,000 results in an estimated price of approximately £1,578,254.
| 20 Nov 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 149.7 | 40.289 % | £1,125,000 | £453,254 | £1,578,254 |
The Postcode Pricing Model uses changes in average sales price within the SE14 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 | 12.283 % | £138,185 | £1,263,185 |
| 3 Month Average | 20.184 % | £227,066 | £1,352,066 |
| 6 Month Average | 27.249 % | £306,551 | £1,431,551 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £1,650,723 | £1,600,000 | 68 PEPYS ROAD |
| 27 Jun 2023 | £516,118 | £505,775 | 146B ERLANGER ROAD |
| 14 Jun 2022 | £710,181 | £695,000 | 89A ERLANGER ROAD |
| 13 May 2022 | £431,235 | £420,000 | FLAT B 90 ERLANGER ROAD |
| 28 Jan 2022 | £477,089 | £450,000 | 57A ERLANGER ROAD |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 4 Aug 2015. Using an estimated price of £1,578,255 means this house is valued at £9,682 per sq meter (£899 per sq foot).
The average size of a house on ERLANGER ROAD is 137 sq meters (1,480 sq feet).