£292,819
This estimated value is based upon the latest sale price for the house of £237,000 on 25 Nov 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3 Ross Parade, Wallington, SM6 8QG
Phone: 02081153121
Price Paid | Date |
---|---|
£237,000 | 25 Nov 2019 |
£162,500 | 30 Jun 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £237,000 results in an estimated price of approximately £292,819.
25 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.2 | 149.7 | 23.552 % | £237,000 | £55,819 | £292,819 |
The Postcode Pricing Model uses changes in average sales price within the SM6 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 | -29.001 % | £-68,733 | £168,266 |
3 Month Average | -3.396 % | £-8,048 | £228,951 |
6 Month Average | -0.088 % | £-207 | £236,792 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £307,814 | £300,000 | FLAT 14 SALISBURY HOUSE, 8 MELBOURNE ROAD |
30 Aug 2023 | £330,969 | £325,000 | FLAT 1 CHATHAM HOUSE, 10 MELBOURNE ROAD |
13 Feb 2023 | £412,757 | £410,000 | 16A ROSS PARADE |
23 Aug 2022 | £311,456 | £310,000 | FLAT 9 SALISBURY HOUSE, 8 MELBOURNE ROAD |
17 Jun 2022 | £292,758 | £286,500 | FLAT 16 SALISBURY HOUSE, 8 MELBOURNE ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 21 Jun 2019. Using an estimated price of £292,819 means this house is valued at £4,963 per sq meter (£461 per sq foot).
The average size of a house on MELBOURNE ROAD is 69 sq meters (744 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Theatre/Concert Hall |
Apr 2024 | Vehicle crime | Under investigation | On or near Theatre/Concert Hall |
Apr 2024 | Robbery | Under investigation | On or near Ross Parade |
Apr 2024 | Anti-social behaviour | On or near Ross Parade | |
Apr 2024 | Robbery | Under investigation | On or near Ross Parade |