£463,751
This estimated value is based upon the latest sale price for the house of £465,000 on 22 Aug 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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187c Southborough Lane, Bromley, BR2 8AR
Phone: 02030074690
Price Paid | Date |
---|---|
£465,000 | 22 Aug 2022 |
£220,000 | 5 Aug 2008 |
Terraced |
Freehold |
Floor Area: 91 sq meters or 979 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 August 2022 the House Price Index for GREATER LONDON was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £465,000 results in an estimated price of approximately £463,751.
22 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
149.0 | 148.6 | -0.268 % | £465,000 | £-1,248 | £463,751 |
The Postcode Pricing Model uses changes in average sales price within the BR2 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 | 51.907 % | £241,366 | £706,366 |
3 Month Average | 4.042 % | £18,797 | £483,797 |
6 Month Average | 5.635 % | £26,201 | £491,201 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Feb 2023 | £574,613 | £575,000 | 44 MAGPIE HALL LANE |
28 Oct 2022 | £445,206 | £450,000 | 92 MAGPIE HALL LANE |
22 Aug 2022 | £463,752 | £465,000 | 2 SHELL CLOSE |
1 Jun 2022 | £522,382 | £515,000 | 19 NARROW WAY |
13 May 2022 | £517,246 | £507,500 | 12 MANOR WAY |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 8 Nov 2021. Using an estimated price of £463,752 means this house is valued at £5,096 per sq meter (£473 per sq foot).
There is one other house on the street which we know the size of, this is 5 SHELL CLOSE it is 91.0
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Under investigation | On or near Manor Way |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Mosul Way |