£534,071
This estimated value is based upon the latest sale price for the house of £467,000 on 12 Feb 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
Price Paid | Date |
---|---|
£467,000 | 12 Feb 2021 |
£447,500 | 27 Mar 2019 |
£240,000 | 14 Aug 2015 |
£177,000 | 25 Oct 2011 |
£140,000 | 15 Jan 2010 |
£109,000 | 8 Nov 2002 |
£700 | 25 Mar 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 75 sq meters or 807 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 February 2021 the House Price Index for GREATER LONDON was 130.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 14.362%.Applying this 14.362% change to the original purchase price of £467,000 results in an estimated price of approximately £534,071.
12 Feb 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
130.9 | 149.7 | 14.362 % | £467,000 | £67,071 | £534,071 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | 72.509 % | £338,618 | £805,618 |
3 Month Average | -16.633 % | £-77,673 | £389,326 |
6 Month Average | -6.434 % | £-30,047 | £436,952 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Oct 2023 | £358,134 | £350,000 | FLAT 77 CATALPA COURT HITHER GREEN LANE |
16 Jun 2023 | £331,646 | £325,000 | 7A MALLET ROAD |
9 Mar 2023 | £521,713 | £513,000 | 85 BRIGHTSIDE ROAD |
3 Mar 2023 | £349,334 | £343,500 | 22 MALLET ROAD |
10 Aug 2022 | £582,725 | £580,000 | 29 ARDMERE ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 28 Jan 2019. Using an estimated price of £534,071 means this house is valued at £7,120 per sq meter (£661 per sq foot).
The average size of a house on MALLET ROAD is 66 sq meters (720 sq feet).