£918,035
This estimated value is based upon the latest sale price for the house of £760,000 on 24 Aug 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
| Price Paid | Date |
|---|---|
| £760,000 | 24 Aug 2020 |
| £440,000 | 25 Jan 2013 |
| £480,000 | 4 Apr 2008 |
| £320,000 | 18 May 2001 |
| Detached |
| Freehold |
| Floor Area: 170 sq meters or 1,829 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 2020 the House Price Index for GREATER LONDON was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £760,000 results in an estimated price of approximately £918,035.
| 24 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £760,000 | £158,035 | £918,035 |
The Postcode Pricing Model uses changes in average sales price within the BR1 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 | 32.227 % | £244,922 | £1,004,922 |
| 3 Month Average | 8.051 % | £61,185 | £821,185 |
| 6 Month Average | 6.520 % | £49,550 | £809,550 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £454,483 | £447,500 | 56 PALACE ROAD |
| 19 Dec 2023 | £515,851 | £500,000 | 6 HORSLEY ROAD |
| 18 Sep 2023 | £424,355 | £415,000 | 2 SINCLAIR COTTAGES |
| 28 Feb 2023 | £302,017 | £300,000 | 9 APOLLO AVENUE |
| 22 Jul 2022 | £545,466 | £540,000 | 29 RODWAY ROAD |
This house has a floor area of 170 sq meters or 1,829 sq feet when measured on 16 Jun 2017. Using an estimated price of £918,036 means this house is valued at £5,400 per sq meter (£501 per sq foot).
There is one other house on the street which we know the size of, this is 1 COPPERGATE CLOSE it is 111.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Babbacombe Road |
| Apr 2024 | Burglary | Under investigation | On or near Rodway Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near High Tor Close |
| Apr 2024 | Vehicle crime | Under investigation | On or near Apollo Avenue |