£503,265
This estimated value is based upon the latest sale price for the house of £345,000 on 6 Nov 2015. 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 |
---|---|
£345,000 | 6 Nov 2015 |
£116,500 | 12 Jan 2001 |
Semi-Detached |
Freehold |
Floor Area: 101 sq meters or 1,087 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 November 2015 the House Price Index for GREATER LONDON was 71.5.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 45.874%.Applying this 45.874% change to the original purchase price of £345,000 results in an estimated price of approximately £503,265.
6 Nov 2015 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
71.5 | 104.3 | 45.874 % | £345,000 | £158,265 | £503,265 |
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 | 28.995 % | £100,034 | £445,034 |
3 Month Average | 18.779 % | £64,789 | £409,789 |
6 Month Average | 20.531 % | £70,832 | £415,832 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £394,995 | £370,000 | 3 WITTERSHAM ROAD |
20 Mar 2024 | £336,279 | £315,000 | 99 GOUDHURST ROAD |
28 Jun 2023 | £397,081 | £375,000 | 256 DOWNHAM WAY |
25 Apr 2023 | £431,586 | £408,000 | 114 KEEDONWOOD ROAD |
10 Mar 2023 | £290,603 | £275,000 | FLAT K 237 DOWNHAM WAY |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 29 Jun 2015. Using an estimated price of £503,266 means this house is valued at £4,982 per sq meter (£462 per sq foot).
The average size of a house on DOWNHAM WAY is 73 sq meters (795 sq feet).