£298,092
This estimated value is based upon the latest sale price for the house of £53,000 on 22 Feb 1995. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Strata Pavillion, 4 Walworth Road, London, SE1 6EB
Phone: 02036417282
| Price Paid | Date |
|---|---|
| £53,000 | 22 Feb 1995 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 February 1995 the House Price Index for GREATER LONDON was 26.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 462.439%.Applying this 462.439% change to the original purchase price of £53,000 results in an estimated price of approximately £298,092.
| 22 Feb 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.6 | 149.7 | 462.439 % | £53,000 | £245,092 | £298,092 |
The Postcode Pricing Model uses changes in average sales price within the SE11 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 | 532.324 % | £282,131 | £335,131 |
| 3 Month Average | 442.327 % | £234,433 | £287,433 |
| 6 Month Average | 435.717 % | £230,930 | £283,930 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £362,571 | £357,000 | 16 WINCHESTER CLOSE |
| 15 Dec 2023 | £428,156 | £415,000 | FLAT 18 DUMAIN COURT OPAL STREET |
| 9 Aug 2023 | £20,367 | £20,000 | 7 KENNINGTON LANE |
| 8 Aug 2023 | £356,429 | £350,000 | FLAT 1 ALBERT HOUSE KENNINGTON LANE |
| 8 Aug 2023 | £524,459 | £515,000 | FLAT 8 ALBERT HOUSE KENNINGTON LANE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 12 Dec 2017. Using an estimated price of £298,093 means this house is valued at £4,886 per sq meter (£453 per sq foot).