£313,541
This estimated value is based upon the latest sale price for the house of £200,000 on 12 Mar 2014. 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 |
|---|---|
| £200,000 | 12 Mar 2014 |
| £160,000 | 6 Feb 2006 |
| £130,000 | 8 Jul 2005 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 645 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 March 2014 the House Price Index for GREATER LONDON was 94.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 56.771%.Applying this 56.771% change to the original purchase price of £200,000 results in an estimated price of approximately £313,541.
| 12 Mar 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 148.0 | 56.771 % | £200,000 | £113,541 | £313,541 |
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 | 29.622 % | £59,243 | £259,243 |
| 3 Month Average | 51.535 % | £103,070 | £303,070 |
| 6 Month Average | 43.688 % | £87,375 | £287,375 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Mar 2024 | £316,068 | £315,000 | 99 GOUDHURST ROAD |
| 7 Jul 2023 | £403,820 | £400,000 | 48 GOUDHURST ROAD |
| 25 Apr 2023 | £411,055 | £408,000 | 114 KEEDONWOOD ROAD |
| 10 Mar 2023 | £276,495 | £275,000 | FLAT K 237 DOWNHAM WAY |
| 24 Feb 2023 | £263,753 | £265,000 | FLAT F 237 DOWNHAM WAY |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 13 Sep 2013. Using an estimated price of £313,541 means this house is valued at £5,225 per sq meter (£485 per sq foot).
The average size of a house on KEEDONWOOD ROAD is 70 sq meters (764 sq feet).