£379,572
This estimated value is based upon the latest sale price for the house of £305,000 on 25 Jan 2019. 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 |
|---|---|
| £305,000 | 25 Jan 2019 |
| £175,000 | 24 Aug 2006 |
| £99,000 | 1 Jun 2001 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 January 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £305,000 results in an estimated price of approximately £379,572.
| 25 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.450 % | £305,000 | £74,572 | £379,572 |
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 | 16.541 % | £50,450 | £355,450 |
| 3 Month Average | 24.298 % | £74,109 | £379,109 |
| 6 Month Average | 16.455 % | £50,187 | £355,187 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £392,047 | £380,000 | 23 DETLING ROAD |
| 17 Feb 2023 | £241,614 | £240,000 | 52 PONTEFRACT ROAD |
| 13 Jun 2022 | £393,410 | £385,000 | 239 KEEDONWOOD ROAD |
| 12 Apr 2022 | £324,194 | £312,500 | 91 PONTEFRACT ROAD |
| 4 Mar 2022 | £502,654 | £481,500 | 97 PONTEFRACT ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 12 Jun 2014. Using an estimated price of £379,572 means this house is valued at £5,839 per sq meter (£542 per sq foot).
The average size of a house on PONTEFRACT ROAD is 72 sq meters (778 sq feet).