£362,085
This estimated value is based upon the latest sale price for the house of £208,000 on 11 Jul 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £208,000 | 11 Jul 2011 |
| 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 July 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.080%.Applying this 74.080% change to the original purchase price of £208,000 results in an estimated price of approximately £362,085.
| 11 Jul 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.080 % | £208,000 | £154,085 | £362,085 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | 80.914 % | £168,301 | £376,301 |
| 3 Month Average | 84.548 % | £175,860 | £383,860 |
| 6 Month Average | 83.648 % | £173,987 | £381,987 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Oct 2023 | £358,134 | £350,000 | FLAT 77 CATALPA COURT HITHER GREEN LANE |
| 16 Jun 2023 | £331,646 | £325,000 | 7A MALLET ROAD |
| 9 Mar 2023 | £521,713 | £513,000 | 85 BRIGHTSIDE ROAD |
| 3 Mar 2023 | £349,334 | £343,500 | 22 MALLET ROAD |
| 10 Aug 2022 | £582,725 | £580,000 | 29 ARDMERE ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 12 Apr 2013. Using an estimated price of £362,086 means this house is valued at £3,893 per sq meter (£361 per sq foot).
The average size of a house on MALLET ROAD is 66 sq meters (720 sq feet).