£643,754
This estimated value is based upon the latest sale price for the house of £600,000 on 15 Jun 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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189 Southwark Park Road, SE16 3TX
Phone: 02036411684
| Price Paid | Date |
|---|---|
| £600,000 | 15 Jun 2021 |
| £300,000 | 2 Nov 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 June 2021 the House Price Index for GREATER LONDON was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £600,000 results in an estimated price of approximately £643,754.
| 15 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £600,000 | £43,754 | £643,754 |
The Postcode Pricing Model uses changes in average sales price within the SE1 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 | -36.192 % | £-217,151 | £382,848 |
| 3 Month Average | -18.421 % | £-110,527 | £489,472 |
| 6 Month Average | -18.833 % | £-112,996 | £487,003 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £712,466 | £700,000 | 6 OAKLEY PLACE |
| 25 Sep 2023 | £516,605 | £510,000 | 1 OLD CANAL MEWS |
| 8 Sep 2023 | £275,016 | £271,500 | 372 OLD KENT ROAD |
| 25 Aug 2023 | £514,501 | £510,000 | 2 OLD CANAL MEWS |
| 16 Aug 2023 | £274,401 | £272,000 | FLAT 50 WESSEX HOUSE, 375 OLD KENT ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Sep 2012. Using an estimated price of £643,755 means this house is valued at £9,196 per sq meter (£854 per sq foot).
The average size of a house on OAKLEY PLACE is 92 sq meters (990 sq feet).