£603,964
This estimated value is based upon the latest sale price for the house of £485,000 on 31 May 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
Price Paid | Date |
---|---|
£485,000 | 31 May 2019 |
Semi-Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 2019 the House Price Index for GREATER LONDON was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £485,000 results in an estimated price of approximately £603,964.
31 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 149.7 | 24.529 % | £485,000 | £118,964 | £603,964 |
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 | 5.840 % | £28,321 | £513,321 |
3 Month Average | 49.248 % | £238,852 | £723,852 |
6 Month Average | 23.209 % | £112,564 | £597,564 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Mar 2024 | £454,483 | £447,500 | 56 PALACE ROAD |
19 Dec 2023 | £515,851 | £500,000 | 6 HORSLEY ROAD |
18 Sep 2023 | £424,355 | £415,000 | 2 SINCLAIR COTTAGES |
22 Jul 2022 | £545,466 | £540,000 | 29 RODWAY ROAD |
7 Jun 2022 | £429,174 | £420,000 | 42 PALACE ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 6 Dec 2018. Using an estimated price of £603,965 means this house is valued at £7,645 per sq meter (£710 per sq foot).
The average size of a house on HAWES ROAD is 127 sq meters (1,372 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Apollo Avenue |
Apr 2024 | Burglary | Under investigation | On or near Rodway Road |