£486,538
This estimated value is based upon the latest sale price for the house of £265,000 on 31 Oct 2005. 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 |
|---|---|
| £265,000 | 31 Oct 2005 |
| Terraced |
| 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 2005 the House Price Index for GREATER LONDON was 81.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 83.599%.Applying this 83.599% change to the original purchase price of £265,000 results in an estimated price of approximately £486,538.
| 31 Oct 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 149.7 | 83.599 % | £265,000 | £221,538 | £486,538 |
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 | 57.503 % | £152,381 | £417,381 |
| 3 Month Average | 70.482 % | £186,777 | £451,777 |
| 6 Month Average | 74.076 % | £196,302 | £461,302 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £333,515 | £327,500 | GROUND FLOOR FLAT 211 MELFORT ROAD |
| 16 Mar 2022 | £459,331 | £440,000 | 151 MELFORT ROAD |
| 16 Dec 2021 | £334,585 | £310,000 | 158 NORBURY AVENUE |
| 8 Oct 2021 | £478,193 | £429,000 | 108 NORBURY AVENUE |
| 23 Sep 2020 | £486,842 | £407,000 | 251 MELFORT ROAD |