£677,770
This estimated value is based upon the latest sale price for the house of £550,000 on 11 Oct 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
| Price Paid | Date |
|---|---|
| £550,000 | 11 Oct 2018 |
| £95,250 | 22 Jan 1996 |
| Terraced |
| Freehold |
| Floor Area: 146 sq meters or 1,571 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 October 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £550,000 results in an estimated price of approximately £677,770.
| 11 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £550,000 | £127,770 | £677,770 |
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 | 65.059 % | £357,825 | £907,825 |
| 3 Month Average | 16.888 % | £92,885 | £642,885 |
| 6 Month Average | 10.725 % | £58,989 | £608,989 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £298,821 | £295,000 | FLAT 28 THE LAURELS, 1 HOMEFIELD ROAD |
| 3 Mar 2023 | £287,711 | £285,000 | FLAT 19 THE LAURELS, 1 HOMEFIELD ROAD |
| 26 Jan 2023 | £410,068 | £412,000 | 26 HENVILLE ROAD |
| 15 Jun 2022 | £446,307 | £440,000 | 16 HENVILLE ROAD |
| 3 May 2022 | £382,202 | £375,000 | FLAT 11 THE LAURELS, 1 HOMEFIELD ROAD |
This house has a floor area of 146 sq meters or 1,571 sq feet when measured on 9 Oct 2017. Using an estimated price of £677,770 means this house is valued at £4,642 per sq meter (£431 per sq foot).
The average size of a house on HOMEFIELD ROAD is 85 sq meters (915 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Homefield Road |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Homefield Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Homefield Road |
| Dec 2023 | Drugs | Under investigation | On or near Homefield Road |
| Dec 2023 | Drugs | Investigation complete; no suspect identified | On or near Homefield Road |