£461,154
This estimated value is based upon the latest sale price for the house of £367,000 on 10 May 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Unit D229 Parkhall Business Centre 40 Martell Road, London, SE21 8EN
Phone: 02036416610
| Price Paid | Date |
|---|---|
| £367,000 | 10 May 2018 |
| £324,950 | 13 Nov 2015 |
| £142,000 | 16 May 2005 |
| £59,950 | 26 May 1999 |
| £25,500 | 29 Apr 1997 |
| £23,000 | 21 Jul 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 May 2018 the House Price Index for GREATER LONDON was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £367,000 results in an estimated price of approximately £461,154.
| 10 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £367,000 | £94,154 | £461,154 |
The Postcode Pricing Model uses changes in average sales price within the SE21 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 | 30.326 % | £111,294 | £478,294 |
| 3 Month Average | 5.873 % | £21,554 | £388,554 |
| 6 Month Average | 11.268 % | £41,352 | £408,352 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £405,288 | £395,000 | FLAT 2 50 MARTELL ROAD |
| 26 Oct 2023 | £798,127 | £780,000 | 34 MARTELL ROAD |
| 12 Oct 2023 | £1,023,240 | £1,000,000 | FLAT 1 16 MARTELL ROAD |
| 1 Sep 2023 | £633,975 | £620,000 | FLAT 1 44 MARTELL ROAD |
| 16 Jun 2023 | £1,045,961 | £1,025,000 | 20 MARTELL ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 13 Oct 2020. Using an estimated price of £461,155 means this house is valued at £7,950 per sq meter (£738 per sq foot).
The average size of a house on MARTELL ROAD is 76 sq meters (826 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Martell Road |