£1,031,430
This estimated value is based upon the latest sale price for the house of £607,500 on 24 Oct 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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187c Southborough Lane, Bromley, BR2 8AR
Phone: 02030074690
| Price Paid | Date |
|---|---|
| £607,500 | 24 Oct 2012 |
| £295,000 | 9 Apr 1999 |
| Detached |
| Freehold |
| Floor Area: 145 sq meters or 1,568 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 October 2012 the House Price Index for GREATER LONDON was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £607,500 results in an estimated price of approximately £1,031,430.
| 24 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £607,500 | £423,930 | £1,031,430 |
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 | 49.251 % | £299,197 | £906,697 |
| 3 Month Average | 60.969 % | £370,387 | £977,887 |
| 6 Month Average | 52.007 % | £315,940 | £923,440 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £620,863 | £610,000 | 1 ARMSTRONG CLOSE |
| 1 Dec 2023 | £513,993 | £505,000 | 4 LIME CLOSE |
| 5 Sep 2023 | £531,800 | £525,000 | 4 THE PANTILES |
| 14 Apr 2023 | £192,068 | £190,000 | 14 SOUTHBOROUGH ROAD |
| 14 Jul 2022 | £1,120,015 | £1,117,000 | 21 SOUTHBOROUGH ROAD |
This house has a floor area of 145 sq meters or 1,568 sq feet when measured on 1 Oct 2008. Using an estimated price of £1,031,431 means this house is valued at £7,078 per sq meter (£657 per sq foot).
The average size of a house on CHADD DRIVE is 169 sq meters (1,819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Armstrong Close |
| Jan 2024 | Anti-social behaviour | On or near Rushmore Close | |
| Jan 2024 | Anti-social behaviour | On or near Rushmore Close | |
| Jan 2024 | Anti-social behaviour | On or near Rushmore Close | |
| Mar 2024 | Robbery | On or near Bickley (Station) |