£668,240
This estimated value is based upon the latest sale price for the house of £450,000 on 10 Mar 2015. 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 |
|---|---|
| £450,000 | 10 Mar 2015 |
| £443,300 | 10 Mar 2015 |
| Terraced |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 2015 the House Price Index for GREATER LONDON was 100.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 48.498%.Applying this 48.498% change to the original purchase price of £450,000 results in an estimated price of approximately £668,240.
| 10 Mar 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 149.7 | 48.498 % | £450,000 | £218,240 | £668,240 |
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 | 54.988 % | £247,448 | £697,448 |
| 3 Month Average | 38.385 % | £172,731 | £622,731 |
| 6 Month Average | 32.646 % | £146,905 | £596,905 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Feb 2023 | £414,771 | £412,000 | FLAT 1 56 LULLINGSTONE LANE |
| 8 Dec 2021 | £410,137 | £380,000 | FLAT 6 19 HIGHFIELD CLOSE |
| 20 Oct 2021 | £429,147 | £385,000 | 195B GEORGE LANE |
| 8 Oct 2021 | £409,641 | £367,500 | FLAT 3 19 HIGHFIELD CLOSE |
| 17 Sep 2021 | £447,168 | £411,920 | FIRST FLOOR 199 GEORGE LANE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 11 Sep 2014. Using an estimated price of £668,241 means this house is valued at £5,663 per sq meter (£526 per sq foot).
The average size of a house on GEORGE LANE is 82 sq meters (889 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Stainton Road | |
| Aug 2024 | Anti-social behaviour | On or near Stainton Road | |
| Aug 2024 | Anti-social behaviour | On or near Stainton Road | |
| Aug 2024 | Anti-social behaviour | On or near Stainton Road | |
| Aug 2024 | Anti-social behaviour | On or near Stainton Road |