£499,386
This estimated value is based upon the latest sale price for the house of £323,000 on 2 May 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 West Street, Bromley, BR1 1RE
Phone: 02035422144
| Price Paid | Date |
|---|---|
| £323,000 | 2 May 2014 |
| £232,500 | 11 Aug 2006 |
| £141,300 | 28 Jul 2000 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 613 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 2014 the House Price Index for GREATER LONDON was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £323,000 results in an estimated price of approximately £499,386.
| 2 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 148.6 | 54.609 % | £323,000 | £176,386 | £499,386 |
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 | 28.986 % | £93,623 | £416,623 |
| 3 Month Average | 50.542 % | £163,251 | £486,251 |
| 6 Month Average | 39.979 % | £129,131 | £452,131 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £304,093 | £300,000 | FLAT 1 47 HOWARD ROAD |
| 29 Jun 2023 | £523,845 | £517,500 | 14 HOWARD ROAD |
| 2 Feb 2023 | £464,687 | £465,000 | 8 MOORELAND ROAD |
| 7 Jul 2022 | £387,042 | £386,000 | FIRST FLOOR FLAT 50 HOWARD ROAD |
| 30 Jun 2022 | £439,207 | £433,000 | 52A HOWARD ROAD |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 20 Jan 2014. Using an estimated price of £499,387 means this house is valued at £8,761 per sq meter (£813 per sq foot).
The average size of a house on FARWIG LANE is 84 sq meters (909 sq feet).
This house is the largest in the street with a floor area of 57 sq meters (613 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Farwig Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Farwig Lane |
| Feb 2024 | Public order | Under investigation | On or near Farwig Lane |
| Feb 2024 | Shoplifting | Under investigation | On or near Farwig Lane |
| Feb 2024 | Shoplifting | Under investigation | On or near Farwig Lane |