£2,011,986
This estimated value is based upon the latest sale price for the house of £1,600,000 on 16 Apr 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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187c Southborough Lane, Bromley, BR2 8AR
Phone: 02030074690
| Price Paid | Date |
|---|---|
| £1,600,000 | 16 Apr 2018 |
| Detached |
| Freehold |
| Floor Area: 293 sq meters or 3,153 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 April 2018 the House Price Index for GREATER LONDON was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £1,600,000 results in an estimated price of approximately £2,011,986.
| 16 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £1,600,000 | £411,986 | £2,011,986 |
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 | -17.020 % | £-272,322 | £1,327,677 |
| 3 Month Average | 20.800 % | £332,806 | £1,932,806 |
| 6 Month Average | 18.404 % | £294,463 | £1,894,463 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jun 2024 | £1,097,500 | £1,097,500 | 2 HAWTHORNE CLOSE |
| 10 Nov 2023 | £456,590 | £445,000 | FLAT 4 6 PARK HILL |
| 17 Feb 2023 | £646,821 | £642,500 | 9A PARK HILL |
| 12 Sep 2022 | £274,816 | £275,000 | FLAT 5 6 PARK HILL |
| 7 Jun 2022 | £1,686,041 | £1,650,000 | WISTERIA LODGE ST GEORGES ROAD |
This house has a floor area of 293 sq meters or 3,153 sq feet when measured on 21 Sep 2017. Using an estimated price of £2,011,987 means this house is valued at £6,866 per sq meter (£637 per sq foot).
The average size of a house on OLDFIELD ROAD is 217 sq meters (2,342 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Wyncroft Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Fairmead Close |
| Apr 2024 | Robbery | Under investigation | On or near St Georges Road |