£385,869
This estimated value is based upon the latest sale price for the house of £357,000 on 25 Jun 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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424 Downham Way, Bromley, BR1 5HR
Phone: 02036418583
| Price Paid | Date |
|---|---|
| £357,000 | 25 Jun 2021 |
| 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 June 2021 the House Price Index for GREATER LONDON was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £357,000 results in an estimated price of approximately £385,869.
| 25 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £357,000 | £28,869 | £385,869 |
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 | 6.987 % | £24,944 | £381,944 |
| 3 Month Average | 2.914 % | £10,402 | £367,402 |
| 6 Month Average | 0.733 % | £2,615 | £359,615 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £444,842 | £433,550 | 3 HILLCREST ROAD |
| 15 Aug 2023 | £361,520 | £355,000 | 238 SOUTHOVER |
| 17 Feb 2023 | £241,614 | £240,000 | 52 PONTEFRACT ROAD |
| 26 Jul 2022 | £455,565 | £451,000 | 31 HILLCREST ROAD |
| 1 Jul 2022 | £419,200 | £415,000 | 364 DOWNHAM WAY |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 30 Aug 2013. Using an estimated price of £385,869 means this house is valued at £5,359 per sq meter (£497 per sq foot).
The average size of a house on SOUTHOVER is 75 sq meters (818 sq feet).