£1,869,756
This estimated value is based upon the latest sale price for the house of £332,000 on 1 Nov 1995. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3a Victoria House South Lambeth Road, Nine Elms, London, SW8 1QT
Phone: 02034637504
| Price Paid | Date |
|---|---|
| £332,000 | 1 Nov 1995 |
| Terraced |
| Freehold |
| Floor Area: 286 sq meters or 3,078 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 November 1995 the House Price Index for GREATER LONDON was 26.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 463.180%.Applying this 463.180% change to the original purchase price of £332,000 results in an estimated price of approximately £1,869,756.
| 1 Nov 1995 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.0 | 146.7 | 463.180 % | £332,000 | £1,537,756 | £1,869,756 |
The Postcode Pricing Model uses changes in average sales price within the SW8 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 | 510.275 % | £1,694,112 | £2,026,112 |
| 3 Month Average | 508.366 % | £1,687,774 | £2,019,774 |
| 6 Month Average | 592.284 % | £1,966,384 | £2,298,384 |
This house has a floor area of 286 sq meters or 3,078 sq feet when measured on 24 Aug 2016.
The average size of a house on ALBERT SQUARE is 108 sq meters (1,163 sq feet).
This house is the largest in the street with a floor area of 286 sq meters (3,078 sq feet).