£545,078
This estimated value is based upon the latest sale price for the house of £485,000 on 27 Aug 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Penhurst Road, Thornton Heath, CR7 7EF
Phone: 02081154016
| Price Paid | Date |
|---|---|
| £485,000 | 27 Aug 2021 |
| £143,000 | 16 Jun 2000 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,095 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 2021 the House Price Index for GREATER LONDON was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £485,000 results in an estimated price of approximately £545,078.
| 27 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £485,000 | £60,078 | £545,078 |
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 | 70.415 % | £341,512 | £826,512 |
| 3 Month Average | 14.101 % | £68,391 | £553,391 |
| 6 Month Average | 11.696 % | £56,724 | £541,724 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £496,000 | £496,000 | 162 MELFORT ROAD |
| 11 Aug 2023 | £333,515 | £327,500 | GROUND FLOOR FLAT 211 MELFORT ROAD |
| 17 Mar 2023 | £214,889 | £211,300 | 244 MELFORT ROAD |
| 10 Mar 2023 | £661,039 | £650,000 | 172 MELFORT ROAD |
| 16 Mar 2022 | £459,331 | £440,000 | 151 MELFORT ROAD |
This house has a floor area of 101 sq meters or 1,095 sq feet when measured on 7 Oct 2010. Using an estimated price of £545,079 means this house is valued at £5,356 per sq meter (£497 per sq foot).
The average size of a house on MELFORT ROAD is 97 sq meters (1,053 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Camden Way |