£384,128
This estimated value is based upon the latest sale price for the house of £365,000 on 31 Jan 2022. 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 |
|---|---|
| £365,000 | 31 Jan 2022 |
| £102,000 | 12 Dec 2000 |
| £64,700 | 17 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 January 2022 the House Price Index for GREATER LONDON was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £365,000 results in an estimated price of approximately £384,128.
| 31 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £365,000 | £19,128 | £384,128 |
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 | 118.245 % | £431,594 | £796,594 |
| 3 Month Average | 7.444 % | £27,170 | £392,170 |
| 6 Month Average | -1.663 % | £-6,068 | £358,931 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2023 | £454,898 | £450,000 | 5 LINCOMBE ROAD |
| 10 Feb 2023 | £424,714 | £425,000 | 137 NORTHOVER |
| 26 Aug 2022 | £403,913 | £405,000 | 114 NORTHOVER |
| 22 Aug 2022 | £378,980 | £380,000 | 2 LENTMEAD ROAD |
| 13 May 2022 | £346,529 | £340,000 | 8 SHAW ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 19 Mar 2014. Using an estimated price of £384,129 means this house is valued at £5,262 per sq meter (£488 per sq foot).
The average size of a house on NORTHOVER is 78 sq meters (847 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lincombe Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Petrol Station |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Petrol Station |