£506,043
This estimated value is based upon the latest sale price for the house of £410,000 on 6 Jul 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1029 London Road, Thornton Heath, CR7 6JF
Phone: 02034630337
| Price Paid | Date |
|---|---|
| £410,000 | 6 Jul 2018 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 July 2018 the House Price Index for GREATER LONDON was 119.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.425%.Applying this 23.425% change to the original purchase price of £410,000 results in an estimated price of approximately £506,043.
| 6 Jul 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.0 | 23.425 % | £410,000 | £96,043 | £506,043 |
The Postcode Pricing Model uses changes in average sales price within the CR7 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 | 38.816 % | £159,147 | £569,147 |
| 3 Month Average | -21.489 % | £-88,106 | £321,893 |
| 6 Month Average | 1.555 % | £6,375 | £416,375 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Mar 2022 | £454,114 | £440,000 | 151 MELFORT ROAD |
| 27 Aug 2021 | £538,889 | £485,000 | 246 MELFORT ROAD |
| 11 Dec 2020 | £241,190 | £211,000 | 213A MELFORT ROAD |
| 23 Sep 2020 | £481,313 | £407,000 | 251 MELFORT ROAD |
| 24 Jun 2020 | £584,971 | £485,000 | 239 MELFORT ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 1 Jun 2017. Using an estimated price of £506,043 means this house is valued at £5,326 per sq meter (£494 per sq foot).
The average size of a house on MELFORT ROAD is 97 sq meters (1,053 sq feet).