£932,361
This estimated value is based upon the latest sale price for the house of £742,000 on 4 May 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £742,000 | 4 May 2018 |
| Terraced |
| Freehold |
| Floor Area: 198 sq meters or 2,131 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 May 2018 the House Price Index for GREATER LONDON was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £742,000 results in an estimated price of approximately £932,361.
| 4 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £742,000 | £190,361 | £932,361 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | 26.278 % | £194,979 | £936,979 |
| 3 Month Average | 3.733 % | £27,696 | £769,696 |
| 6 Month Average | 11.209 % | £83,169 | £825,169 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £599,209 | £586,000 | 329A HITHER GREEN LANE |
| 16 Jun 2023 | £603,086 | £591,000 | 16 ELTHRUDA ROAD |
| 21 Feb 2023 | £296,984 | £295,000 | FLAT C 20 WELLMEADOW ROAD |
| 29 Jul 2022 | £661,630 | £655,000 | 3 ELTHRUDA ROAD |
| 8 Apr 2022 | £477,214 | £460,000 | 26 SPRINGBANK ROAD |
This house has a floor area of 198 sq meters or 2,131 sq feet when measured on 12 Mar 2018. Using an estimated price of £932,362 means this house is valued at £4,708 per sq meter (£437 per sq foot).
The average size of a house on WELLMEADOW ROAD is 93 sq meters (1,001 sq feet).
This house is the largest in the street with a floor area of 198 sq meters (2,131 sq feet).