£300,073
This estimated value is based upon the latest sale price for the house of £57,000 on 28 Feb 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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511 Abbey Road, Abbey Wood, London, SE2 9HA
Phone: 02034782990
| Price Paid | Date |
|---|---|
| £57,000 | 28 Feb 1997 |
| Terraced |
| Freehold |
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 February 1997 the House Price Index for GREATER LONDON was 28.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 426.445%.Applying this 426.445% change to the original purchase price of £57,000 results in an estimated price of approximately £300,073.
| 28 Feb 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.2 | 148.6 | 426.445 % | £57,000 | £243,073 | £300,073 |
The Postcode Pricing Model uses changes in average sales price within the SE2 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 | 580.102 % | £330,658 | £387,658 |
| 3 Month Average | 489.863 % | £279,222 | £336,222 |
| 6 Month Average | 532.157 % | £303,329 | £360,329 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £238,044 | £235,000 | 50 LENSBURY WAY |
| 12 Apr 2023 | £257,776 | £255,000 | 58 LENSBURY WAY |
| 5 Aug 2022 | £364,020 | £365,000 | 85 SYDNEY ROAD |
| 30 Jun 2021 | £236,043 | £220,000 | 70 LENSBURY WAY |
| 8 Jan 2021 | £370,929 | £325,000 | 123 SYDNEY ROAD |