£773,971
This estimated value is based upon the latest sale price for the house of £454,000 on 1 Nov 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Fairway, Petts Wood, Orpington, BR5 1EF
Phone: 01689867104
Price Paid | Date |
---|---|
£454,000 | 1 Nov 2012 |
Detached |
Freehold |
Floor Area: 120 sq meters or 1,291 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 2012 the House Price Index for GREATER LONDON was 87.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.478%.Applying this 70.478% change to the original purchase price of £454,000 results in an estimated price of approximately £773,971.
1 Nov 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.8 | 149.7 | 70.478 % | £454,000 | £319,971 | £773,971 |
The Postcode Pricing Model uses changes in average sales price within the BR6 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 | 46.038 % | £209,013 | £663,013 |
3 Month Average | 77.507 % | £351,882 | £805,882 |
6 Month Average | 64.709 % | £293,777 | £747,777 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £822,639 | £810,000 | 13 POUND COURT DRIVE |
25 Sep 2023 | £656,471 | £642,000 | 1 THE RIDGE |
14 Sep 2023 | £690,215 | £675,000 | 106 NEWSTEAD AVENUE |
23 Jun 2023 | £765,337 | £750,000 | 19 DARRICK WOOD ROAD |
23 Feb 2023 | £797,830 | £792,500 | 84 RUSLAND AVENUE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 28 Nov 2013. Using an estimated price of £773,971 means this house is valued at £6,449 per sq meter (£599 per sq foot).
The average size of a house on THE RIDGE is 153 sq meters (1,650 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Pound Close |
Apr 2024 | Burglary | Under investigation | On or near Pound Court Drive |
Apr 2024 | Burglary | Under investigation | On or near Pound Court Drive |
Apr 2024 | Vehicle crime | Under investigation | On or near Darrick Wood Road |
Apr 2024 | Anti-social behaviour | On or near Hilltop Gardens |