£486,422
This estimated value is based upon the latest sale price for the house of £387,000 on 6 Oct 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Pickford Lane, Bexleyheath, DA7 4QW
Phone: 02077681642
| Price Paid | Date |
|---|---|
| £387,000 | 6 Oct 2017 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 2017 the House Price Index for GREATER LONDON was 117.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.690%.Applying this 25.690% change to the original purchase price of £387,000 results in an estimated price of approximately £486,422.
| 6 Oct 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.0 | 25.690 % | £387,000 | £99,422 | £486,422 |
The Postcode Pricing Model uses changes in average sales price within the DA7 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 | 34.701 % | £134,292 | £521,292 |
| 3 Month Average | 12.856 % | £49,754 | £436,754 |
| 6 Month Average | 12.375 % | £47,892 | £434,892 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £459,345 | £455,000 | 23 CANNON ROAD |
| 11 Nov 2022 | £378,856 | £385,000 | 29 HARRIS ROAD |
| 20 Sep 2022 | £454,473 | £460,000 | 301 LONG LANE |
| 25 Mar 2022 | £283,821 | £275,000 | 4 CANNON ROAD |
| 17 Mar 2022 | £567,643 | £550,000 | 4 COOTE ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 27 May 2016. Using an estimated price of £486,422 means this house is valued at £5,230 per sq meter (£485 per sq foot).
The average size of a house on FRANKLIN ROAD is 88 sq meters (957 sq feet).