£392,851
This estimated value is based upon the latest sale price for the house of £285,000 on 4 Dec 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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424 Downham Way, Bromley, BR1 5HR
Phone: 02036418583
| Price Paid | Date |
|---|---|
| £285,000 | 4 Dec 2015 |
| £160,000 | 31 Jul 2006 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 664 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 December 2015 the House Price Index for GREATER LONDON was 107.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 37.843%.Applying this 37.843% change to the original purchase price of £285,000 results in an estimated price of approximately £392,851.
| 4 Dec 2015 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.0 | 37.843 % | £285,000 | £107,851 | £392,851 |
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 | 0.550 % | £1,566 | £286,566 |
| 3 Month Average | 15.894 % | £45,298 | £330,298 |
| 6 Month Average | 13.203 % | £37,629 | £322,629 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2023 | £357,172 | £355,000 | 238 SOUTHOVER |
| 17 Feb 2023 | £238,870 | £240,000 | 52 PONTEFRACT ROAD |
| 23 Aug 2022 | £402,282 | £405,000 | 399 DOWNHAM WAY |
| 1 Jul 2022 | £414,440 | £415,000 | 364 DOWNHAM WAY |
| 12 Apr 2022 | £320,513 | £312,500 | 91 PONTEFRACT ROAD |
This house has a floor area of 61 sq meters or 664 sq feet when measured on 1 Jun 2009. Using an estimated price of £392,851 means this house is valued at £6,366 per sq meter (£591 per sq foot).
The average size of a house on DOWNHAM WAY is 73 sq meters (795 sq feet).