£297,346
This estimated value is based upon the latest sale price for the house of £175,000 on 1 Mar 2010. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Farwig Lane
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1 West Street, Bromley, BR1 1RE
Phone: 02035422144
| Price Paid | Date |
|---|---|
| £175,000 | 1 Mar 2010 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 667 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 March 2010 the House Price Index for GREATER LONDON was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.912%.Applying this 69.912% change to the original purchase price of £175,000 results in an estimated price of approximately £297,346.
| 1 Mar 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.912 % | £175,000 | £122,346 | £297,346 |
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 | 139.823 % | £244,689 | £419,689 |
| 3 Month Average | 83.061 % | £145,357 | £320,357 |
| 6 Month Average | 63.476 % | £111,082 | £286,082 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Feb 2023 | £349,765 | £350,000 | FLAT 5 23 SCOTTS ROAD |
| 2 Feb 2023 | £464,687 | £465,000 | 8 MOORELAND ROAD |
| 9 Sep 2022 | £451,355 | £455,000 | 3 MOORELAND ROAD |
| 29 Jul 2022 | £462,244 | £461,000 | FLAT 1 1 HAMMELTON ROAD |
| 29 Apr 2022 | £436,245 | £423,621 | 3 WHITE COTTAGES FARWIG LANE |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 3 Feb 2020. Using an estimated price of £297,347 means this house is valued at £4,795 per sq meter (£445 per sq foot).
The average size of a house on MOORELAND ROAD is 71 sq meters (767 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Shoplifting | Under investigation | On or near Farwig Lane |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Farwig Lane |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Farwig Lane |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Farwig Lane |
| Dec 2023 | Burglary | Under investigation | On or near Farwig Lane |