£523,828
This estimated value is based upon the latest sale price for the house of £399,950 on 10 Feb 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Unit D229 Parkhall Business Centre 40 Martell Road, London, SE21 8EN
Phone: 02036416610
| Price Paid | Date |
|---|---|
| £399,950 | 10 Feb 2017 |
| £218,000 | 11 Jun 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 576 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 February 2017 the House Price Index for GREATER LONDON was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £399,950 results in an estimated price of approximately £523,828.
| 10 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 149.7 | 30.973 % | £399,950 | £123,878 | £523,828 |
The Postcode Pricing Model uses changes in average sales price within the SE21 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 | -44.791 % | £-179,141 | £220,808 |
| 3 Month Average | 38.491 % | £153,945 | £553,895 |
| 6 Month Average | 7.567 % | £30,262 | £430,212 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £405,288 | £395,000 | FLAT 2 50 MARTELL ROAD |
| 16 Jun 2023 | £1,045,961 | £1,025,000 | 20 MARTELL ROAD |
| 18 May 2022 | £918,940 | £895,000 | 38 MARTELL ROAD |
| 12 May 2022 | £788,851 | £768,300 | 1 MYTON ROAD |
| 26 Apr 2022 | £399,407 | £385,000 | 28C PARK HALL ROAD |
This house has a floor area of 53 sq meters or 576 sq feet when measured on 7 Sep 2010. Using an estimated price of £523,828 means this house is valued at £9,772 per sq meter (£907 per sq foot).
The average size of a house on MARTELL ROAD is 76 sq meters (826 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Martell Road |