£391,516
This estimated value is based upon the latest sale price for the house of £270,000 on 13 Jul 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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171 Burnt Ash Lane, Bromley, BR1 5DJ
Phone: 02045164746
| Price Paid | Date |
|---|---|
| £270,000 | 13 Jul 2015 |
| £69,500 | 27 Mar 1998 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 July 2015 the House Price Index for GREATER LONDON was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £270,000 results in an estimated price of approximately £391,516.
| 13 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £270,000 | £121,516 | £391,516 |
The Postcode Pricing Model uses changes in average sales price within the SE12 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 | 21.615 % | £58,359 | £328,359 |
| 3 Month Average | 38.728 % | £104,566 | £374,566 |
| 6 Month Average | 33.519 % | £90,500 | £360,500 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £374,506 | £365,000 | 337 MARVELS LANE |
| 15 Sep 2023 | £455,031 | £445,000 | 1 CLAYBRIDGE ROAD |
| 3 Aug 2022 | £532,490 | £530,000 | 21 CLAYBRIDGE ROAD |
| 24 Jun 2021 | £518,816 | £480,000 | 69 RIDDONS ROAD |
| 18 Dec 2020 | £448,609 | £388,000 | 6 COBLAND ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 28 Mar 2014. Using an estimated price of £391,517 means this house is valued at £4,078 per sq meter (£378 per sq foot).
The average size of a house on RIDDONS ROAD is 93 sq meters (1,006 sq feet).