£1,302,961
This estimated value is based upon the latest sale price for the house of £420,000 on 22 Feb 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Fairway, Petts Wood, Orpington, BR5 1EF
Phone: 01689867104
| Price Paid | Date |
|---|---|
| £420,000 | 22 Feb 2002 |
| Detached |
| Freehold |
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 2002 the House Price Index for GREATER LONDON was 48.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 210.229%.Applying this 210.229% change to the original purchase price of £420,000 results in an estimated price of approximately £1,302,961.
| 22 Feb 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 149.7 | 210.229 % | £420,000 | £882,961 | £1,302,961 |
The Postcode Pricing Model uses changes in average sales price within the BR5 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 | 154.227 % | £647,752 | £1,067,752 |
| 3 Month Average | 198.883 % | £835,308 | £1,255,308 |
| 6 Month Average | 210.446 % | £883,874 | £1,303,874 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 May 2024 | £846,500 | £846,500 | 137 KINGSWAY |
| 10 Oct 2023 | £1,539,976 | £1,505,000 | 161 KINGSWAY |
| 25 Jul 2022 | £1,464,676 | £1,450,000 | 150 KINGSWAY |
| 19 May 2022 | £967,197 | £942,000 | 117 KINGSWAY |
| 12 May 2022 | £1,016,481 | £990,000 | 144 KINGSWAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Towncourt Crescent |