£505,972
This estimated value is based upon the latest sale price for the house of £156,000 on 23 Oct 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Fairway, Petts Wood, Orpington, BR5 1EF
Phone: 01689867104
| Price Paid | Date |
|---|---|
| £156,000 | 23 Oct 2001 |
| Semi-Detached |
| Freehold |
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 October 2001 the House Price Index for GREATER LONDON was 45.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 224.341%.Applying this 224.341% change to the original purchase price of £156,000 results in an estimated price of approximately £505,972.
| 23 Oct 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 148.6 | 224.341 % | £156,000 | £349,972 | £505,972 |
The Postcode Pricing Model uses changes in average sales price within the BR5 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 | 195.452 % | £304,905 | £460,905 |
| 3 Month Average | 214.399 % | £334,462 | £490,462 |
| 6 Month Average | 232.667 % | £362,960 | £518,960 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £609,016 | £600,000 | 35 DERWENT DRIVE |
| 25 Sep 2023 | £526,735 | £520,000 | 4 DERWENT DRIVE |
| 15 Sep 2023 | £602,706 | £595,000 | 21 GREENFIELD GARDENS |
| 31 Jul 2023 | £519,492 | £512,500 | 40 DERWENT DRIVE |
| 27 May 2022 | £698,155 | £685,000 | 36 DERWENT DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Broadcroft Road | |
| Jan 2024 | Anti-social behaviour | On or near Broadcroft Road | |
| Jan 2024 | Anti-social behaviour | On or near Broadcroft Road | |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Crofton Lane |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Birkdale Close |