£1,167,003
This estimated value is based upon the latest sale price for the house of £948,500 on 14 Jan 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 London Road, Forest Hill, London, SE23 3PH
Phone: 02034783484
| Price Paid | Date |
|---|---|
| £948,500 | 14 Jan 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 164 sq meters or 1,765 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 Apr 2024 is 148.0 which is a change of 23.037%.Applying this 23.037% change to the original purchase price of £948,500 results in an estimated price of approximately £1,167,003.
| 14 Jan 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.0 | 23.037 % | £948,500 | £218,503 | £1,167,003 |
The Postcode Pricing Model uses changes in average sales price within the SE22 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 | 10.768 % | £102,136 | £1,050,636 |
| 3 Month Average | 19.744 % | £187,272 | £1,135,772 |
| 6 Month Average | 27.114 % | £257,175 | £1,205,675 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £653,977 | £650,000 | 41A MELFORD ROAD |
| 10 Feb 2023 | £321,479 | £323,000 | FLAT 23 BELVOIR LODGE, 59 UNDERHILL ROAD |
| 25 Jan 2023 | £283,510 | £286,000 | FLAT 4 RIDGE COURT, 57 UNDERHILL ROAD |
| 5 Jan 2023 | £260,710 | £263,000 | FLAT 1 RIDGE COURT, 57 UNDERHILL ROAD |
| 14 Oct 2022 | £2,325,433 | £2,360,000 | 44 UNDERHILL ROAD |
This house has a floor area of 164 sq meters or 1,765 sq feet when measured on 3 Jun 2016. Using an estimated price of £1,167,003 means this house is valued at £7,115 per sq meter (£661 per sq foot).
The average size of a house on UNDERHILL ROAD is 95 sq meters (1,025 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Melford Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Melford Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Melford Road |
| Mar 2024 | Anti-social behaviour | On or near Melford Road | |
| Feb 2024 | Vehicle crime | Under investigation | On or near Melford Road |