£408,495
This estimated value is based upon the latest sale price for the house of £108,000 on 26 May 2000. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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7-8 Fairgreen Parade, London Road, Mitcham, CR4 3NA
Phone: 02034630264
| Price Paid | Date |
|---|---|
| £108,000 | 26 May 2000 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2000 the House Price Index for GREATER LONDON was 39.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 278.236%.Applying this 278.236% change to the original purchase price of £108,000 results in an estimated price of approximately £408,495.
| 26 May 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.3 | 148.6 | 278.236 % | £108,000 | £300,495 | £408,495 |
The Postcode Pricing Model uses changes in average sales price within the CR4 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 | 239.576 % | £258,742 | £366,742 |
| 3 Month Average | 237.174 % | £256,148 | £364,148 |
| 6 Month Average | 256.346 % | £276,853 | £384,853 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £406,011 | £400,000 | 87 WESTERN ROAD |
| 30 Jun 2023 | £300,439 | £296,800 | 35 GILPIN CLOSE |
| 28 Apr 2023 | £287,091 | £284,000 | 39 GILPIN CLOSE |
| 26 Aug 2022 | £244,342 | £245,000 | 117 LOWRY CRESCENT |
| 24 Jun 2022 | £157,222 | £155,000 | 4 GILPIN CLOSE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 26 Feb 2015. Using an estimated price of £408,495 means this house is valued at £5,673 per sq meter (£527 per sq foot).
The average size of a house on WESTERN ROAD is 94 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Borough Road |