£622,173
This estimated value is based upon the latest sale price for the house of £490,000 on 28 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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189 Southwark Park Road, SE16 3TX
Phone: 02036411684
| Price Paid | Date |
|---|---|
| £490,000 | 28 Jul 2017 |
| £245,000 | 15 Sep 2010 |
| £173,000 | 15 Oct 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 2017 the House Price Index for GREATER LONDON was 116.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 26.974%.Applying this 26.974% change to the original purchase price of £490,000 results in an estimated price of approximately £622,173.
| 28 Jul 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.0 | 26.974 % | £490,000 | £132,173 | £622,173 |
The Postcode Pricing Model uses changes in average sales price within the SE1 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 | -22.334 % | £-109,436 | £380,563 |
| 3 Month Average | -23.127 % | £-113,324 | £376,675 |
| 6 Month Average | -16.982 % | £-83,211 | £406,788 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £713,499 | £700,000 | 6 OAKLEY PLACE |
| 25 Aug 2023 | £513,120 | £510,000 | 2 OLD CANAL MEWS |
| 16 Aug 2023 | £273,664 | £272,000 | FLAT 50 WESSEX HOUSE, 375 OLD KENT ROAD |
| 27 Jul 2023 | £817,735 | £810,000 | 2 PEPLER MEWS |
| 2 Nov 2022 | £423,138 | £430,000 | GROUND AND BASEMENT FLOOR UNIT 380 OLD KENT ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 21 Nov 2016. Using an estimated price of £622,173 means this house is valued at £11,312 per sq meter (£1,050 per sq foot).
The average size of a house on OAKLEY PLACE is 92 sq meters (990 sq feet).