£587,997
This estimated value is based upon the latest sale price for the house of £577,000 on 11 Apr 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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119 Burnt Ash Road, Lee, SE12 8RA
Phone: 02081281674
| Price Paid | Date |
|---|---|
| £577,000 | 11 Apr 2023 |
| £367,500 | 17 Jul 2017 |
| £205,000 | 8 Jan 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 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 April 2023 the House Price Index for GREATER LONDON was 146.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.906%.Applying this 1.906% change to the original purchase price of £577,000 results in an estimated price of approximately £587,997.
| 11 Apr 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 149.7 | 1.906 % | £577,000 | £10,997 | £587,997 |
The Postcode Pricing Model uses changes in average sales price within the SE12 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 | -5.072 % | £-29,263 | £547,736 |
| 3 Month Average | 7.930 % | £45,754 | £622,754 |
| 6 Month Average | 13.626 % | £78,624 | £655,624 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £914,043 | £900,000 | 64 CAMBRIDGE DRIVE |
| 13 Mar 2024 | £253,901 | £250,000 | FLAT 6 4 CAMBRIDGE DRIVE |
| 29 Sep 2023 | £460,143 | £450,000 | 3 REED CLOSE |
| 4 Aug 2023 | £1,262,775 | £1,240,000 | 14 WEIGALL ROAD |
| 11 Apr 2023 | £587,998 | £577,000 | 15 REED CLOSE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 24 Mar 2017. Using an estimated price of £587,998 means this house is valued at £9,966 per sq meter (£925 per sq foot).
The average size of a house on REED CLOSE is 73 sq meters (791 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Reed Close | |
| Apr 2024 | Anti-social behaviour | On or near Reed Close | |
| Apr 2024 | Anti-social behaviour | On or near Reed Close | |
| Apr 2024 | Anti-social behaviour | On or near Reed Close | |
| Apr 2024 | Theft from the person | Under investigation | On or near Ravens Way |