£662,280
This estimated value is based upon the latest sale price for the house of £540,000 on 6 Nov 2019. 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 |
|---|---|
| £540,000 | 6 Nov 2019 |
| £215,000 | 10 Aug 2012 |
| £267,500 | 17 Jul 2009 |
| £190,000 | 25 Nov 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £540,000 results in an estimated price of approximately £662,280.
| 6 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £540,000 | £122,280 | £662,280 |
The Postcode Pricing Model uses changes in average sales price within the SE16 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 | -2.329 % | £-12,577 | £527,422 |
| 3 Month Average | 21.413 % | £115,632 | £655,632 |
| 6 Month Average | 13.066 % | £70,556 | £610,556 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £355,260 | £350,000 | FLAT 23 CHARLES MACKENZIE HOUSE LINSEY STREET |
| 16 Jun 2023 | £349,736 | £345,500 | FLAT 11 ROBERT JONES HOUSE EVELINE LOWE ESTATE |
| 26 Aug 2022 | £334,101 | £335,000 | FLAT 31 CHARLES MACKENZIE HOUSE LINSEY STREET |
| 21 Jul 2022 | £592,094 | £590,500 | 21A LONGLEY STREET |
| 27 Oct 2021 | £475,786 | £430,000 | 22 ABBEY GARDENS |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 14 Jun 2019. Using an estimated price of £662,281 means this house is valued at £7,700 per sq meter (£715 per sq foot).
The average size of a house on SOUTHWARK PARK ROAD is 78 sq meters (849 sq feet).